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Violation Tracker Individual Record

Company: Legg Mason Inc.
Current Parent Company: Franklin Resources
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Penalty: $64,200,000
Year: 2018
Date: June 4, 2018
Offense Group: competition-related offenses
Primary Offense: Foreign Corrupt Practices Act
Secondary Offense: kickbacks and bribery
Mega-Scandal: Foreign Bribery
Violation Description: Legg Mason Inc. entered into a non-prosecution agreement with the Department of Justice and agreed to pay $64.2 million to resolve the Department's investigation into violations of the Foreign Corrupt Practices Act in connection with Legg Mason's participation, through a subsidiary, in a Libyan bribery scheme.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
Prosecution Agreement: non-prosecution agreement
HQ Country of Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.