Linklaters, Allen & Overy Handle $450 Million Settlement in Bribery Probe
Federal prosecutors have been stepping up their Foreign Corrupt Practices Act enforcement efforts in recent months, and on Friday they landed a big catch they'd been targeting for some time. BAE Systems, the largest military contractor in Europe, has agreed to pay nearly $450 million as part of a global settlement with the U.S. Justice Department and the U.K.'s Serious Fraud Office that will resolve longstanding allegations of foreign corruption.
