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CORRECTED: Tech Co. To Pay $28M In Chinese FCPA Case

By Jody Godoy ( February 16, 2016, 1:04 PM EST) -- Massachusetts-based software company PTC Inc. has agreed to pay $14.5 million in fines and $13.6 million in disgorgement plus interest to settle allegations by the U.S. Securities and Exchange Commission and the U.S. Department of Justice that the company bribed Chinese officials with vacations to the U.S. in violation of the Foreign Corrupt Practices Act, the agencies announced Tuesday....

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