The SEC, which claimed that the conduct violated the anti-bribery provision of the Foreign Corrupt Practices Act and federal securities laws, also charged the company’s chief executive officer, Douglas Faggioli, and chief financial officer, Craig D. Huff, alleging liability based on the ground that they were in “control” of the violators under Section 20(a) of the Securities Exchange Act of 1934.
Under the proposed settlement, none of the defendants admitted liability but the company agreed to pay a civil penalty of $600,000 and each officer to pay $25,000.
