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You are here: Home / Archives for Department of Justice

Department of Justice

Department of Justice Says It Will Not Charge Nortek in Bribery Scandal

June 9, 2016 by Ted Leave a Comment

SEC Forces Nortek to Forfeit Profits Resulting from the Bribe

Nortek LogoThe Department of Justice (D.O.J.) has notified Nortek, Inc. that it has closed its investigation into a corporate bribery scandal involving the company’s operations in China and will take no further actions, according to a report by Reuters. Nortek, parent company of Core Brands – a holding company of several custom integration brands – had revealed the existence an internal investigation into the matter by the company to investors several quarters ago. At the same time, Nortek reported the matter to the authorities, noting that they would fully cooperate with any government investigation.

Nortek “will not be charged because the U.S. [company] had turned themselves in,” Reuters noted. Nortek stock was up 5.19% in late afternoon trading on the news.

See more on why the D.O.J. decided to not charge Nortek… [Read more…] about Department of Justice Says It Will Not Charge Nortek in Bribery Scandal

Filed Under: Law, Management, Manufacturers, News Tagged With: Core Brands, D.O.J., Department of Justice, Nortek, Nortek Inc., SEC, Securities and Exchange Commission

Apple Faces the Music – Multiple Investigations Launched

June 11, 2015 by Ted Leave a Comment

Apple Music logoJust days after Apple, Inc. announced its plans to attempt to reassert its leading role in the music distribution and streaming businesses, we learn from the New York Times that two powerful state attorneys general in New York and Connecticut have launched an investigation into Apple’s music licensing practices. The purpose of the investigation is to determine if Apple has broken any antitrust laws in cutting deals that allegedly restrict music industry providers from offering their content on a free basis with other services.

See why there is suspicion of anti-competitive practices by Apple… [Read more…] about Apple Faces the Music – Multiple Investigations Launched

Filed Under: Brands, Law, News, Pivot Point, Strategy Tagged With: Apple, Apple Music, Beats Electronics, Beats Music, Connecticut, Department of Justice, Eric T. Schneiderman, George Jepson, Jay Z, Jimmy Iovine, New York, Spotify, strategy

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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