By Jaclyn Jaeger2015-01-19T20:30:00
Nortek disclosed last week in a regulatory filing with the Securities and Exchange Commission that it has launched an internal investigation into potential violations of the Foreign Corrupt Practices Act concerning potential improper payments made by its Chinese manufacturing unit. Details inside.
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2016-03-04T14:15:00Z By Jaclyn Jaeger
Nortek, a maker of home security and thermostat systems, said this week in a securities filing with the Securities and Exchange Commission that it has incurred $2.3 million in legal and other professional services costs relating to potential improper payments made by its Chinese manufacturing unit.
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The ink was barely dry on the U.S. Department of Justice’s new corporate enforcement policy (CEP) when the agency announced it would not prosecute Balt SAS for alleged bribery violations.
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