Four years after resolving FCPA-related charges with the DOJ and the SEC, California-based Maxwell Technologies recently reported that it has accumulated $2.42 million in costs throughout 2015 in connection with "previously disclosed SEC and FCPA matters." The manufacturer of energy-storage and power-delivery products paid $13.65 million in penalties and disgorgement in early 2011 to resolve allegations that employees bribed Chinese government officials to secure sales to state-owned manufacturers. The company's 2015 Annual Report indicates that the associated legal fees considerably increased operating costs in the most recent fiscal year, demonstrating the lingering financial effects of FCPA enforcements.
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