Mead Johnson Nutrition Company has now ended an investigation into alleged corrupt practices in China by agreeing to pay a paltry USD12 million settlement.

The U.S. Securities and Exchange Commission charged a U.S.-based audit firm and one of its founding partners for their roles in the botched audits of a China-based company that failed to disclose related party transactions by its CEO and others.

Beijing-based e-commerce firm LightInTheBox Holding Company Ltd. is facing a possible securities class action lawsuit against it and some of its senior officers.

Las Vegas Sands Corporation issued its latest financial report, including an admission that it notified the U.S. Securities and Exchange Commission of possible violations of the Foreign Corrupt Practices Act.

Lawsuits have been filed against KFC's parent company Yum! Brands Inc. by multiple entities in the U.S. over alleged breaches of fiduciary duties, insider selling, misrepresentations, and lack of disclosure related to claims that certain KFC chicken suppliers in China had injected chickens with illegal chemicals.

U.S.-based Pfizer Inc. says it has resolved U.S. Department of Justice and Securities and Exchange Commission matters related to certain improper payments in the operations of two of its subsidiaries outside the United States, which Pfizer voluntarily reported to the U.S. government beginning in 2004.

In the middle of flak concerning alleged securities fraud, Chinese financial services software firm Longtop Financial Technologies Limited announced that its chief financial officer, Derek Palaschuk, who was previously CFO at Chinese Internet firms Sohu.com and eLong.com, has resigned.