Brazilian Conglomerate Odebrecht SA Agrees to Record-Setting Settlement in Bribery Case—Firm Set to Pay Up to $4.5 Billion

December 23, 2016 — In a lengthy statement issued by the U.S. Department of Justice (DOJ) on December 21, 2016, it was announced that Brazilian construction-industry giant Odebrecht SA (Odebrecht) has admitted to violating anti-bribery and corruption laws in a number of countries and agreed to pay between $2.6 and $4.5 billion in a deal to [...]