As reported by the FCPA Blog Tuesday, the SEC and DOJ entered into parallel resolutions with Analogic Corporation and Analogic's wholly-owned Danish subsidiary BK Medical ApS in connection with violations of the books and records and accounting controls provisions of the FCPA.
Entries in PTC Inc. (6)
PTC Part Two: SEC announces first deferred prosecution agreement with individual to resolve FCPA case
The SEC Tuesday said it used its first deferred prosecution agreement with an individual in an FCPA case.
Two China units of Massachusetts software company PTC Inc. entered into a non-prosecution agreement and paid a $14.5 million criminal penalty Tuesday to resolve a DOJ investigation into payments for recreational travel by Chinese government officials that violated the Foreign Corrupt Practices Act.
Technology firm PTC Inc. said in a securities filing Monday it has reserved $28.2 million for a possible settlement with the DOJ and SEC of apparent FCPA offenses in China.
PTC Inc. said Tuesday it received an SEC subpoena in connection with an FCPA investigation that appears to have widened since the company first announced the start of settlement talks with the DOJ and SEC in February.
PTC Inc. said the DOJ and SEC are still investigating "payments and expenses" by China business partners and employees that raise FCPA compliance concerns.