Laureate Education,Inc. (NASDAQ: LAUR) Files An 8-K Other EventsItem 8.01Other Events.
On November 21, 2018, external counsel for Laureate Education, Inc. (the “Company”, “we” or “our”) received a letter from the U.S. Department of Justice (“DOJ”) stating that the DOJ had closed its inquiry into possible violations of the U.S. Foreign Corrupt Practices Act with respect to the matters described below. In the letter, the DOJ acknowledged our voluntary disclosure and full cooperation in its investigation, and the remediation that we have undertaken. The Company previously had received a letter from the Division of Enforcement of the Securities and Exchange Commission (“SEC”) stating that it had concluded its investigation as to the Company with respect to such matters and did not intend to recommend an enforcement action against the Company by the SEC.
As previously disclosed, during the fourth quarter of 2014, we discovered irregularities with respect to a donation by our network institution in Turkey, Istanbul Bilgi University, to a charitable foundation. In June 2016, the Audit Committee of our Board of Directors initiated an internal investigation into this matter with the assistance of external counsel. We voluntarily disclosed the investigation and facts related to the donation to the DOJ and the SEC, and the Company fully cooperated with those agencies in their subsequent inquiry and investigation relating to this matter.
