LAWSUITS NEWS & LEGAL INFORMATION
Graco
Minneapolis, MN: (Jun-25-07) The Bureau of Industry and Security (BIS) brought charges against Minneapolis based pump maker, Graco, alleging that the company had fifteen violations of the Export Administration Regulations. The violations involved direct shipment of diaphragm pumps to locations requiring licenses as well as shipment of the pumps to distributors with knowledge that the distributor would reship the pumps without a license to destinations requiring a license.
The Settlement Agreement and the Order were dated June 22, 2007. The earliest violation occurred in 1999 and the latest violation in February 2002. All fifteen violations, accordingly, fell outside the relevant five-year statute of limitations set forth in the regulation code. In a settlement reached, Graco agreed to pay $97,000 to the BIS to resolve allegations. Graco agreed to pay the amount to avoid denial of export privileges which is not subject to the statute of limitations. [EXPORT LAW: PUMP EXPORT]
Published on Jun-29-07
The Settlement Agreement and the Order were dated June 22, 2007. The earliest violation occurred in 1999 and the latest violation in February 2002. All fifteen violations, accordingly, fell outside the relevant five-year statute of limitations set forth in the regulation code. In a settlement reached, Graco agreed to pay $97,000 to the BIS to resolve allegations. Graco agreed to pay the amount to avoid denial of export privileges which is not subject to the statute of limitations. [EXPORT LAW: PUMP EXPORT]
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