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Nortek dodges FCPA enforcement action

Jaclyn Jaeger | June 8, 2016

Nortek disclosed yesterday in a securities filing that the Department of Justice has decided not to recommend an enforcement action against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. The declination came in the same week that the company entered into a non-prosecution agreement with the SEC.

In a securities filing, dated June 7, the maker of home security and thermostat systems said the Justice Department informed the company on June 3 by letter that it had closed its investigation into the matter. A copy of the letter, citing the FCPA Pilot Program, can be found here.

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