Foreign Corrupt Practices Act: Investigations Dataset

Investigation Name: Investigation into Johnson Controls' Activities in China

Trend: None

Type of investigation: Internal, SEC, DOJ

Other Agencies Investigating/Assisting with SEC/DOJ Investigation: Unknown

Whistleblower: Unknown

Summary

Johnson Controls, Inc. ("Johnson"), headquartered in Wisconsin but operating in 150 countries, was a global provider of automatic temperature control systems for buildings, industrial facilities, and ships. Johnson’s shares were registered with the SEC and traded on the New York Stock Exchange.

According to its SEC filings, in June 2013, Johnson self-reported to the SEC and DOJ alleged FCPA violations related to its Building Efficiency marine business in China dating back to 2007. Johnson, under the oversight of its Audit Committee and Board of Directors, initiated an investigation into the matter with the assistance of external legal counsel and external forensic accountants.

On July 11, 2016, Johnson and the SEC resolved alleged FCPA violations. Pursuant to the SEC’s Order resolving this matter, Johnson agreed to pay $14 million to the SEC in July 2016 and also agreed to make certain reports to the SEC over a one-year period with regard to its FCPA compliance program, while neither admitting nor denying the allegations. Also, on July 11, 2016, the DOJ made public a letter stating that the DOJ had closed its investigation of the matter.

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| Investigations Dataset

Investigations Dataset

Information & Summary

Investigation into Johnson Controls' Activities in China

Information & Summary

Protected Content