The Top SEC Settlements of 2011

By Joel Stonington - 2012-01-03T23:18:44Z

Photograph by Jacob Kepler/Bloomberg

Company Symbol % Change
13 of 22

No. 9: Alcatel-Lucent S.A.

<strong>Total Settlement:</strong> $45.3 million<br /><strong>Disgorgement:</strong> $45.3 million<br /><strong>Penalty:</strong> 0

This case was all about bribes allegedly paid to secure contracts. Alcatel-Lucent paid <a href="">total penalties of $137 million</a>, including a $92 million penalty to the Justice Dept. in a three-year deferred-prosecution agreement. Two individuals were charged criminally in the case: former Alcatel CIT executive Christian Sapsizian and Edgar Valverde Acosta, former president of Alcatel de Costa Rica. Sapsizian was sentenced to 30 months in jail. Valverde is a fugitive, <a href="">according to the Justice Dept.</a>