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Finsbury Glover Hering represents Tenaris, Luxembourg-based steel pipe company, as it agrees to pay $78M to settle Securities and Exchange Commission allegations that it violated the Foreign Corrupt Practices Act in connection with a bribery scheme at its Brazilian unit.
The SEC charged that the Brazil operation paid $10.4M to a Brazilian government official from 2008 to 2013 to get business from the government-owned Petrobras energy company.
“Tenaris failed for many years to implement sufficient internal accounting controls throughout its business operations despite known corruption risks,” said Charles Cain, chief of the SEC’s enforcement unit.
Under the settlement, Tenaris neither admits nor denies the SEC’s findings.
The SEC noted that this is not the first time that Tenaris was involved in a corruption scheme.
In 2011, it entered into a non-prosecution agreement with the Justice Dept. and a deferred prosecution pact with the SEC as a result of alleged bribes the company paid to obtain business from a state-owned entity in Uzbekistan.
Paul Holmes, FGH’s global managing partner, handles Tenaris.
New York Magazine profiles 78-year-old Peggy Siegal, who was once among the most powerful publicists in the Big Apple, in an article headlined: "The Grand Dame of the Epstein Files.”
There is a huge chasm when it comes to support the Iranian invasion between Americans and Israelis.
Tricia McLaughlin, the combative spokesperson for Department of Homeland Security Secretary Kristi Noem, is leaving her post.
While finding the right solution to a problem is still important, the work that differentiates effective communications leaders is problem-finding—identifying the real risk before it becomes visible, reputational or irreversible.
Orchestra has recruited Deepika Sandhu for the senior VP-legal & crisis communications slot.
