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Embraer to pay $205M to resolve FCPA charges

Jaclyn Jaeger | October 24, 2016

Brazilian aircraft-company Embraer today reached a $205 million combined settlement with the Department of Justice, the Securities and Exchange Commission, and Brazilian authorities to resolve allegations of criminal and civil violations of the Foreign Corrupt Practices Act.

Under the settlement agreements, Embraer must pay a $107 million penalty to the Justice Department, and more than $98 million in disgorgement and interest to the SEC. Embraer may receive up to a $20 million credit depending on the amount of disgorgement it will pay to Brazilian authorities in a parallel civil proceeding in Brazil.

Additionally, Embraer also entered into a three-year deferred prosecution agreement with the Justice Department, in which Embraer agreed to continue to cooperate with the...

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