Ongoing FCPA Litigation

Siemens

On January 17, 2013, Meng-Lin Liu filed a whistleblower retaliation complaint against Seimens, pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. Meng-Lin Liu was formerly a compliance officer for Siemens. He alleged that it was Siemens's company policy to circumvent protocols and internal controls required by the FCPA. His complaint alleged that he uncovered serious "red flags" hinting to high risks of corruption in the sale of medical equipment in China and North Korea. He states that Siemens submitted intentionally inflated bids for the medical equipment to public hospitals. He also alleged that he was fired shortly following these disclosures, after the company ignored the high probability of bribery occurring through these transactions. Meng-Lin Liu continued to complain to executives following the firing and subsequently filed a whistleblower complaint with the SEC in 2011.