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Nov. 20, 2024

Moog’s $1.7M SEC Deal Spotlights Subsidiary Liability, Third-Party Risk and Self-Reporting

  • Lori Tripoli
    Anti-Corruption Report
The SEC’s announcement in October 2024 that U.S.-based aerospace and defense company Moog, Inc. had settled FCPA allegations might be easy to overlook with its small-scale bribery and modest settlement amount. Still, even a $1.7‑million slap on the wrist can sting, and the settlement may enlighten the broader regulated community on subsidiary liability, third-party risk, and the pros and cons of self-reporting. The Anti-Corruption Report spoke to experts in the field to glean insights from the settlement. See “Loose Practices and Imprecise Recordkeeping Prompt SEC Scrutiny, Even When Investors Are Unharmed” (Jan. 3, 2024).

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