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Litigation

Apr. 25, 2013

Rare Ralph Lauren non-prosecution agreement fuels debate over disclosure to SEC

Monday's non-prosecution agreement between the SEC and Ralph Lauren Corp. - the first SEC agreement of its kind to deal with FCPA violations and only the fourth overall - was notable for attorneys who practice in the space.


By Henry Meier


Daily Journal Staff Writer


Like Melville's fictional white whale, nonprosecution agreements out of the U.S. Securities and Exchange Commission are an elusive prey, surfacing on only the rarest of occasions.


So Monday's nonprosecution agreement between the SEC and Ralph Lauren Corp. - the first SEC agreement of its kind to deal with Foreign Corrupt Practices Act violations and only the fourth overall - caught the attenti...

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