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Cultural Due Diligence: The Lost Diligence That Must be Found by U.S. Corporations Conducting M&A Deals in China to Prevent Foreign Corrupt Practices Act Violations

BY NICOLE Y. HINES In April 2004, Lucent Technologies fired four top executives in its Chinese subsidiary. In February 2005, InVision Technologies (now GE InVision) paid $1.1 million in penalties consisting of a $500,000 civil penalty, disgorged profits totaling $589,000, and approximately $28,700 of prejudgment interest.3 In May 2005, Diagnostic […]

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