Panasonic To Pay $280 Million To Resolve Bribery, Fraud Charges

WASHINGTON—Panasonic Corp. of Japan and its U.S. subsidiary Panasonic Avionics Corp. (PAC) will pay $280 million to resolve Foreign Corrupt Practices Act and accounting fraud violations, the U.S. Justice Department and Securities and Exchange Commission (SEC) announced separately on April 30.The SEC...

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