Violation Tracker Individual Record

Company: 
Nortek Inc.
Current Parent Company: 
Melrose Industries
Penalty: 
$322,058
Year: 
2016
Date: 
June 7, 2016
Offense Group: 
competition-related offenses
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Nortek Inc. agreed to pay $291,403 in disgorgement plus $30,655 in interest to resolve allegations concerning $290,000 in improper payments and gifts made to Chinese officials by a Nortek subsidiary in order to receive preferential treatment, relaxed regulatory oversight, or reduced customs duties, taxes, and fees. These included cash payments, gift cards, meals, travel, accommodations, and entertainment.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
Prosecution Agreement: 
non-prosecution agreement
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
private equity (including portfolio companies)
Specific Industry of Parent: 
private equity (including portfolio companies)
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.