NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky announces it has commenced an investigation of General Cable Corporation (NYSE:BGC) (“General Cable”) concerning possible violations of federal securities laws by the Company and/or certain of its officers and directors.
“subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business”
On December 29, 2016, General Cable disclosed that it would pay $82.3 million to resolve an investigation into inappropriate payments made to public officials in Egypt, Angola, Bangladesh, China, Indonesia, and Thailand. According to the U.S. Department of Justice, General Cable “subsidiaries paid approximately $13 million to third-party agents and distributors, a portion of which was used to make unlawful payments to obtain business” between 2002 and 2013. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.