International
Feb. 2, 2011
Tech Firm Pays $8 Million for Violations
Maxwell Technologies Inc., a publicly traded maker of energy-storage and power-delivery products in San Diego, agreed to pay an $8 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act.
Daily Journal Staff Writer
SAN DIEGO - Maxwell Technologies Inc., a publicly traded maker of energy-storage and power-delivery products in San Diego, agreed to pay an $8 million criminal penalty to resolve charges related to the Foreign Corrupt Practices Act.
According to court documents, Maxwell's wholly owned Swiss subsidiary, Maxwell S.A., engaged a Chinese agent to sell its products in China. From July 2002 to May 2009...
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