Société Générale, the French international financial services institution, agreed to a $860 million penalty as part of a deferred prosecution agreement that will resolve both French and U.S. criminal charges, the Department of Justice announced Monday. The bank is scheduled as part of the agreement to plead guilty in the U.S. District Court for the Eastern District of New York to resolve a financial bribery case.
According to federal officials, the action represents the first coordinated resolution with French authorities in a foreign bribery case.
