Federal prosecutors used Panasonic Corp.’s Foreign Corrupt Practices Act case to lay out several key lessons for general counsel, including what the government expects if a company wants to dodge hiring a corporate monitor.

Panasonic admitted its responsibility Monday in a deferred prosecution agreement for hiring third-party consultants in China and other parts of Asia who cut suspicious deals with foreign officials. The company agreed to pay $280 million in civil and criminal penalties, and to hire a monitor to oversee its compliance efforts for two years.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]