Albemarle Corp. to Pay SEC More Than $103 Million to Settle Foreign Corrupt Practices Act Violations
Portfolio Pulse from Charles Gross
Albemarle Corp. has agreed to pay the SEC over $103 million to settle violations of the Foreign Corrupt Practices Act. The settlement comes after an investigation into the company's practices overseas.
September 29, 2023 | 12:00 pm
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Albemarle Corp.'s settlement with the SEC over FCPA violations may negatively impact the company's financials in the short term.
The settlement of over $103 million is a significant financial burden for Albemarle Corp. This could negatively impact the company's financial performance in the short term, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100