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Financial Crime - Methode Electronics - investigation into bribery of foreign officials (US)
Methode Electronics received a subpoena from the US Securities and Exchange Commission dated Nov. 1, seeking documents and information relating to the company’s operations in certain foreign countries and certain financial and accounting matters relating to compliance with the US Foreign Corrupt Practices Act and other anti-corruption laws, and material weaknesses in the company’s internal control over financial reporting previously reported in its public filings.
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