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="http://www.sec.gov/news/press/2010/2010-258.htm">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="http://www.justice.gov/opa/pr/2010/December/10-crm-1481.html">according to the Justice Dept.</a>

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