Saying IBM has ‘learned its lesson,’ judge OKs $10M bribery settlement
IBM’s two-year-old settlement of accusations of bribery in China and Korea won federal court approval even as the company faces new scrutiny for possible payoffs in other countries. U.S. District Judge Richard Leon in Washington yesterday signed off on the $10 million agreement between IBM (NYSE: IBM) and the U.S. Securities and Exchange Commission initially submitted in March 2011. Leon refused to approve the deal until the company agreed to file reports to him and the regulator on its possible wrongdoing. During a 10-minute hearing, Leon said he’s satisfied IBM “has learned its lesson and is moving in the...
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