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Harris: No DoJ action in FCPA case

Jaclyn Jaeger | May 9, 2016

Defense contractor Harris said last week in a quarterly filing that the Department of Justice has decided not to take any action following the completion of its investigation into potential violations of the Foreign Corrupt Practices Act. The SEC’s investigation remains ongoing.

In April 2011, Harris completed its acquisition of Carefx and its subsidiaries, including its China subsidiary, Carefx China. “Following the closing, we became aware that certain entertainment, travel and other expenses in connection with the Carefx China operations may have been incurred or recorded improperly,” the company said.

“In response, we initiated an internal investigation and learned that certain employees of the Carefx China operations had provided pre-paid gift cards and other gifts and payments to certain customers, potential customers, consultants, and government regulators, after...

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