The aircraft carrier USS Theodore Roosevelt transits the Pacific Ocean in 2020. Photo: U.S. Navy photo by Mass Communication Specialist Seaman Alexander Williams 'Export Violations'?: RTX Settles Civil Charges With $200M Consent Agreement
Some of the alleged unauthorized exports consisted of "parts, components, and technical data related to sensitive U.S. and foreign government military platforms," such as the Tomahawk cruise missile, according to the proposed charging letter documenting alleged RTX violations.
September 05, 2024 at 11:05 AM
3 minute read
Federal Government
What You Need to Know
- RTX will pay a $200 million civil penalty and implement remedial measures under a consent agreement.
- The aerospace and defense company reached a settlement agreement with the U.S. State Department disposing of potential civil charges.
- RTX voluntarily disclosed hundreds of alleged export violations to federal officials.
An aerospace and defense company has agreed to pay $200 million in civil penalties under a settlement agreement with the Biden administration disposing of alleged export violations.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
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