LXer: Sun Micro says may have violated U.S. bribery law
 

Published at LXer:

Sun Microsystems Inc, a hardware maker that Oracle Corp is buying for more than $7 billion, may have broken a U.S. law prohibiting companies from bribing foreign officials, Sun said in a regulatory filing on Friday. "We have identified potential violations of the Foreign Corrupt Practices Act, the resolution of which could possibly have a material effect on our business," Sun said in a 10-Q filing with the U.S. Securities and Exchange Commission. Oracle spokeswoman Deborah Hellinger said Oracle was aware of the matter before it agreed to buy Sun.

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