In November 2007, German conglomerate Siemens AG disclosed information concerning several bribery related investigations of the company, its subsidiaries, and certain current and former employees. According to the release, the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) continue to investigate possible criminal violations of U.S. law by Siemens in connection with business practices in several different countries including China, Hungary, Indonesia, Israel, Italy, Norway, and Russia. The Company is also under investigation by the DOJ and SEC concerning possible violations of U.S. law in connection with the Iraqi Oil-For-Food Program. Siemens is cooperating with these investigations.
Related Insights
March 31, 2026
Foley Viewpoints
Coming Soon to Procurement Contracts – A Contract Clause Prohibiting Certain DEI Activities
On March 26, 2026, the President issued Executive Order 14398 titled “Addressing DEI Discrimination by Federal Contractors.” The Order…
March 31, 2026
Energy Current
Public Utility Commission of Texas Issues Proposed Rules for Large Load Interconnections; What Data Center and AI facility Developers Need to Know
1. Statutory Mandates: The Foundation of SB 6 Senate Bill 6, which was enacted in June 2025 (89th Legislature), requires the PUCT to…
March 31, 2026
Innovative Technology Insights
White House Unveils Framework for Artificial Intelligence Regulation
The Trump Administration has introduced the National Policy Framework for Artificial Intelligence, which calls on Congress to create a uniform federal standard that would preempt the current patchwork of state laws.