IBM Judge Won’t Drop Demand for Reports in Bribe Case
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The federal judge overseeing a settlement between International Business Machines Corp. and U.S. regulators over alleged foreign bribes said he won’t drop demands for reports of possible wrongdoing by the company.
U.S. District Judge Richard Leon, who refused to accept the deal the company struck with the Securities and Exchange Commission, denied IBM’s request to alter a requirement that he be told about any future law enforcement or administrative or probes. He agreed to narrow his insistence that IBM tell him of accounting violations to include only those involving payments covered by the Foreign Corrupt Practices Act.