Ciena Corporation, a US-based telecommunications network supplier, reported in today’s Form 10-K filing that one of its third-party vendors in an unnamed Asian country raised questions about potentially improper payments to an individual employed by one of its customers. In September 2017, Ciena voluntarily disclosed to the SEC and DOJ the results of the company’s internal investigation into the matter. On December 10, 2018, the DOJ advised Ciena that it has declined to prosecute the matter and that its investigation is now closed. Ciena noted that it is continuing to cooperate with the SEC in its investigation and that discussions with the agency are ongoing.
December 21, 2018
DOJ issues declination letter to US telecommunications company; SEC investigation still pending
Related by Topic
New Post
Two whistleblowers receive awards totaling to $24 million from the SEC
August 28, 2024
News Alert
SEC Enforcement – Top Seven Developments from June 2024
August 8, 2024
Insight