Paul, Weiss Successfully Resolves FCPA Investigation for Westport Fuel Systems

Paul, Weiss represented Westport Fuel Systems, Inc. in its settlement with the SEC in a matter alleging violations of the Foreign Corrupt Practices Act in connection with a transaction involving Westport’s Chinese joint venture. Westport agreed to pay a penalty of $1,500,000, prejudgment interest of $196,000 and disgorgement of $2,350,000, for a total combined civil fine of $4.1 million. Westport did not admit or deny the SEC’s allegations.

The Paul, Weiss team, among others, was led by partner Harris Fischman.