Every company I've worked for has lied either outright or by stretching the truth further than I'm comfortable with. It isn't right but that is the real ethics he will be dealing with in the US/Canadian/Anglo arena.
My point is that what is an acceptable "stretching of the truth" is culturally relative. Also, I'm not speaking to what companies try to get away with, but rather the public reaction if they get caught.
I.e. is it "cool, those guys are smart and they're bucking the system" or is it "these guys are slimy and I never want to do business with them."
Again, I'm not condoning unethical behavior, nor am I so naive to believe that it isn't widespread. I'm just stating that what is a "nudge-nudge-wink-wink-everyone-does-it" infraction versus what is a "omg, you lying bastards" is culturally relative.
The OP's example falls into the "lying bastards" category for me, and for most of the companies I've worked for.