Reports Say Daimler AG To Pay $185 Million To Settle FCPA Charges Of Bribing Foreign Officials

News reports are suggesting that German automaker Daimler AG will pay $185 million to settle allegations that it paid millions of dollars in bribes to officials in nearly two dozen countries around the world to obtain business contracts. 

A hearing is expected to be held in federal court next week, at which the settlement is expected to be announced.
 
For background information, see, for example, the Washington Post article by Dana Hedgpeth, “Daimler agrees to settle Justice Department charges of bribing foreign officials,” available at http://www.washingtonpost.com/wp-dyn/content/article/2010/03/23/AR2010032302637.html?hpid=moreheadlines.