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Settlement for commission sharing by employees of acquired Chinese subsidiary

• Jenner & Block
• -
• USA
• -
• February 27 2012

Watts Water Technologies, Inc. (“Watts”), a Delaware-based manufacturer and retailer of water valve products, agreed to a cease-and-desist order with the SEC in connection with payments made by employees of a former Chinese subsidiary of Watts who had entered into commission-sharing agreements with employees of Chinese state-owned entities that were customers of the subsidiary