Both the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) announced the agreement by the Dutch company, Snamprogetti Netherlands BV, (Snamprogetti) to pay a $240 million criminal penalty to the DOJ to resolve charges related...
In November, 2009 the Organization for Economic and Co-operation and Development (OECD)
announced a new recommendation at the OECD's celebration of "International
Anti-Corruption Day" and the Tenth Anniversary of the " Entry into...
The Supreme Court rejected the SEC's effort to extend the
five year statute of limitations for imposing a civil penalty by engrafting a
discovery exception onto the statute. Chief Justice Roberts, writing for a
unanimous Court, held that under...
Earlier this year the Securities and Exchange Commission
announced a new initiative encouraging cooperation. They wanted to start using Cooperation
Agreements, Deferred Prosecution Agreements, and Non-prosecution Agreements.
They finally got use...
Lindsey Manufacturing, the first company to stand trial
on FCPA charges, was convicted on all counts by a jury in the Central District
of California yesterday. Keith Lindsey, Steve Lee and Angela Aguilar were also
convicted. Mr. Lindsey is the owner...
The SEC was about to try its first FCPA case. Then the Commission settled, agreeing to drop the bribery charges as well as its demand for monetary sanctions. That ended the case against two Nobel Corporation executives SEC v. Jackson, Civil Action No...
FCPA enforcement officials have repeatedly emphasized that they intend to focus on individuals as an effective means of halting possible violations. A case unsealed yesterday underscores this point.
The action, based on an indictment returned last...
One of the more enjoyable aspects of a baseball
season is its length. The fortunes of a team can ebb and flow over the course
of a 162 games season. So even if a team starts out abysmally, it can pick
things up over the course of the spring and summer...
In a recent posting, the FCPA Blog posed the question of whether a company employee
was warned "that concealing information from company lawyers conducting an
internal FCPA investigation could be a federal crime?" The FCPA Blog raised
Among the very, very latest trends in securities class
action lawsuit filings are suits against for-profit educational companies. Just
since the middle of last week, at least five companies in this sector have been
tagged with new lawsuits, four of...
"We are in a new era of FCPA enforcement" Assistant AG Lanny Breuer declared in remarks at a conference
on Tuesday . The Department of Justice is stepping up FCPA enforcement,
which is good for business, despite the contention of some critics...
month, in the FCPA Blog , Bruce Hinchey discussed his upcoming
publication, " Punishing the Penitent: Disproportionate Fines in Recent
FCPA Enforcements and Suggested Improvements " which analyzes
differences between bribes...
The prognosticators have now spoken (yet again) and
decreed that the Houston Astros will be this year's worst team in baseball. We
are well into the first week of Spring Training and the Houston
Chronicle has reported that Baseball Prospectus has...
The blog site International
Construction reported, on January 31, 2011 that the Japanese company
JGC announced has agreed to pay a $244 million penalty to the Department of
Justice (DOJ) to resolve charges related to the Foreign Corrupt Practices...
In what the FCPA Blog termed a day of making history "for the most
companies to simultaneously settle FCPA-related violations, [the] Global
logistics firm Panalpina and five of its oil-and-gas services customers
resolved charges with the DOJ and...