• Home
  • About
  • Webcasts
  • ‘Enforcement 40’ for 2020
  • Enforcement Hall of Fame
  • Contact
Securities Docket
Ankura 480x60
  • Class Actions
  • Criminal
  • Global
  • People
  • SD Insider
  • SEC
  • Video
  • Subscribe by email
  • Subscribe
Browse: Home / 2009 / December / 02 / Former Siemens CEOs, Four Others to Pay Damages Related to Corruption Scandal

Former Siemens CEOs, Four Others to Pay Damages Related to Corruption Scandal

By Securities Docket on December 2, 2009, 11:01 am

siemens230In the wake of the corruption scandal that led to Siemens agreeing to pay a record $1.6 billion to settle inquiries in the US and Germany, six more of the company’s former board members will now be paying damages.  The Times Online reports that the six individuals include two former CEOs,  Heinrich von Pierer and Klaus Kleinfeld.

Von Pierer, CEO of Siemens from 1992 to 2005 and president of its supervisory board until 2007, will pay pay €5 million (£4.5 million). Kleinfeld, CEO of Siemens following Von Pierer until 2007, will pay €2 million.

In addition, Siemens has reportedly reached settlements with Johannes Feldmayer, Uriel Sharef, Karl Hermann Baumann and Jürgen Radomski. It had previously settled with Edward Krubasik, Rudi Lamprecht and Klaus Wucherer, also former board members.

Read the Times Online article

Blog Widget by LinkWithin

Posted in Global | Tagged FCPA

« Previous Next »

‘Enforcement 40’ for 2020

Ankura 260x250

Our Sponsors

Securities-Docket_260x125_14Sec Ankura 260x125

Join Us On LinkedIn

Join the Securities Litigation and Enforcement Group on LinkedIn

Archives

Copyright © 2021 Securities Docket.

Powered by WordPress and Hybrid.