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 officials 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 million in disgorgement; $2.3 million in prejudgment interest; and a$3.5 million civil penalty. Do you believer the courts opinion was ethical from a fairness perspective? From a rights perspective? Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started