Ralph Lauren Enforcement Action Commentary – Hits And Misses

This article was reprinted with permission from FCPA Professor Much of what is written about Foreign Corrupt Practices Act enforcement these days seems to be mere carrying forward of DOJ and SEC statements, as if those comments represent a universal truth. Last year at this time, Morgan Stanley's...

Microsoft Business in Romania the Subject of Romanian Prosecution

This article was reprinted with permission from FCPA Professor Microsoft has been under Foreign Corrupt Practices Act scrutiny since spring 2013. (See here and here for prior posts). The conduct at issue concerns the company’s relationships with resellers and consultants in China, Romania, Italy...

FCPA-Related Securities Fraud Claims Against Avon and Former Executives Dismissed … Securities Fraud Claims Against Wal-Mart and Former CEO Go Forward

This article was reprinted with permission from FCPA Professor As highlighted in “ Foreign Corrupt Practices Act Ripples ,” although courts have held that the FCPA does not provide a private right of action, plaintiffs’ lawyers representing shareholders often target directors and...

SEC – DOJ Resolve FCPA Charges With Bio-Rad Labs

The SEC and the DOJ resolved FCPA charges with California based life science research and clinical diagnostics company Bio-Rad Laboratories, Inc. The charges stem from bribes paid in Russia, Vietnam and Thailand. The company self-reported and provided what the SEC and the DOJ acknowledged as extensive...

Former SEC Chairman Roderick Hills and the FCPA

Roderick Hills, who passed away at the end of last month, served as Chairman of the SEC through one if its most turbulent periods – the birth of the Foreign Corrupt Practices Act. When Mr. Hills became Chairman in 1975 the SEC had already initiated the first of what would become a series of illicit...