Skip to Primary Navigation

FCPA: Albemarle reports investigation resolution and fine to DOJ and SEC

Picture of Albemarle Corp. sign and a vial of lithium.
Photo: John Moore/Getty Images

Lithium producer Albemarle reaches a settlement in principle to resolve potential violations of Foreign Corrupt Practices Act.

Lithium producer Albemarle Corp. reached an agreement in principle with US authorities to pay a $218.5m fine to resolve an investigation into potential improper payments by third-party sales representatives, the Charlotte, NC-based company said.

The agreement, which has yet to be finalized, would resolve possible violations of the US