• Implications of the SEC's First-Ever FCPA-Related Non-Prosecution Agreement with Ralph Lauren Corp.
  • April 26, 2013 | Authors: Kevin J. Harnisch; Joshua D. Roth; Steven M. Witzel
  • Law Firms: Fried, Frank, Harris, Shriver & Jacobson LLP - Washington Office ; Fried, Frank, Harris, Shriver & Jacobson LLP - New York Office
  • The SEC announced yesterday (April 22) that it entered into a Non-Prosecution Agreement ("NPA") with Ralph Lauren Corp. ("Ralph Lauren") in connection with alleged violations of the Foreign Corrupt Practices Act (the "FCPA") by a subsidiary in Argentina ("Ralph Lauren-Argentina"). This is the first time that the SEC has entered into an NPA in an FCPA matter.