Violation Tracker Individual Record

Company: 
Legg Mason Inc.
Current Parent Company: 
Legg Mason
Penalty: 
$64,200,000
Year: 
2018
Date: 
June 4, 2018
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
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 Parent: 
USA
HQ State of Parent: 
Maryland
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
asset management
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.