Rolls-Royce Concludes Bribery Settlements in U.S., U.K., Brazil

Rolls-Royce Holdings Plc won approval from a U.K. judge for its settlement with British prosecutors as the U.S. Justice Department unsealed a parallel agreement with the company in Ohio the day after the company announced it would pay $800 million in total to resolve bribery probes in both countries as well as Brazil.

In London, Judge Brian Leveson granted the so-called deferred prosecution agreement on Tuesday. The British DPA covers actions dating as far back as 1989, while the U.S. one covers a period beginning in 2000. Under both, the company avoids prosecution as long as it abides by the terms of the settlement, which includes the fine and assisting in the prosecution of any individuals.

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