The U.S. Department of Justice has reduced by more than $760,000 the settlement a chemical maker will pay to resolve allegations of having bribed foreign officials, under a DOJ pilot program that rewards companies which voluntarily “clawback”—recoup or withhold—compensation from executives or employees involved in the alleged wrongdoing.
Albemarle Corp. still agreed to pay more than $218 million to resolve allegations by DOJ and the Securities and Exchange Commission that the company violated the federal Foreign Corrupt Practices Act.

U.S. Department of Justice building in Washington. Photo: Diego M. Radzinschi/ALM


