Search

Editors

Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

FCPA Blog Daily News

« Country Enforcement of the OECD Anti-Bribery Convention -- Progress Report 2012 | Main | Strip Stamp 'Scandal in the Making' in the Philippines »
Wednesday
Sep052012

For Harris Corp, Echoes of History

Here's a note from a U.S. reader:

Dear FCPA Blog,

As noted in the Wall Street Journal, Harris Corporation is currently investigating bribery in China.
 
This is not its first brush with the FCPA. 

Back in 1990 Harris Corporation was indicted but later acquitted of violating the FCPA through alleged bribes in Colombia.

Harris executives John D. Iacobucci and Ronald I. Schultz were also charged and acquitted. 

Another defendant, Robert O'Hara, pleaded guilty to a one-count information charging him with aiding and abetting acts of false recordkeeping by Harris in violation of the FCPA. After the other defendants were acquitted, he tried to withdraw his plea but the trial judge and the Second Circuit Court of Appeals didn't let him.

I wonder if Harris will look to the past and feel lucky this time around?

*     *     *

Harris Corporation, in fact, was the last public company to fight FCPA charges in court.

Since its victory twenty-two years ago, every issuer charged by the DOJ with FCPA offenses has settled out of court.

In a post this summer, we discussed the reasons.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.