Question
On October 24, 2013, the Second Circuit Court of Appeals ruled that a tipster who provided information to the SEC about illegal payments to foreign
On October 24, 2013, the Second Circuit Court of Appeals ruled that a tipster who provided information to the SEC about illegal payments to foreign government fficials by Stryker Corporation under the Foreign Corrupt Practices Act (FCPA)was not eligible to receive a Dodd-Frank award because his information was provided before the Act went into effect in 2010. Stryker had made those payments between August 2003 and February 2008. The Commission ruled the company had incorrectly described the unlawful payments in its books and records and failed to devise and maintain an adequate system of internal accounting controls, as required under the FCPA. Stryker was fined $13.3 million: $7.5 M in disgorgement; $2.3M in prejudgment interest; and a $3.5 M civil penalty. Do you believe the courts opinion was ethical from s fairness perspective? From a rights perspective? Explain.
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