Swiss Company and Subsidiaries Conclude Deferred Prosecution Agreements to Resolve Foreign Corrupt Practices Charges

On September 29, 2010, ABB Ltd., a Swiss corporation, and two of its subsidiaries agreed to a deferred prosecution agreement (DPA) and agreed to the filing of a criminal information charging its Jordanian subsidiary, ABB Ltd. - Jordan, with one count of conspiracy to commit wire fraud and to violate the books and records provisions of the Foreign Corrupt Practices Act (FCPA), and agreed to pay a criminal penalty of $1.9 million...(more)...