Recent Posts

HP, Three Subsidiaries Pay $108 Million to Settle FCPA Charges
Posted on 10 Apr 2014 by Thomas O. Gorman

The Russian, Polish and Mexican subsidiaries of Hewlett-Packard Company resolved criminal FCPA charges with the Department of Justice while the parent corporation settled with the SEC. ZAO Hewlett-Packard A.O., or HP Russia, agreed to plead guilty to... Read More

SEC Settles FCPA Action on the Eve of Trial
Posted on 7 Jul 2014 by Doug Esten

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... Read More

FCPA Enforcement: Crafting Incentives to Foster Compliance
Posted on 2 Dec 2010 by Thomas O. Gorman

FCPA enforcement has been marked by the aggressive approach adopted in recent years by The Department of Justice and the SEC. As Acting Deputy Assistant Attorney General Greg Andres told a Senate Committee this week "over approximately the last... Read More

The FCPA and Mergers and Acquisitions
Posted on 6 Dec 2010 by Thomas Fox

In a webinar on December 2, 2010, Michael Volkov, partner in the law firm of Mayer Brown and Ryan Morgan, Sales and Alliance Director of World Compliance, discussed the implications of the Foreign Corrupt Practices Act (FCPA) to mergers and acquisition... Read More

The FCPA, Voluntary Disclosure and Cooperation
Posted on 1 Feb 2011 by Thomas O. Gorman

Maxwell Technologies, Inc. resolved FCPA violations with DOJ and the SEC. After voluntarily disclosing its violations to DOJ and the SEC the company settled all charges. Under the terms of the settlements Maxwell will pay DOJ and the SEC a total of... Read More

The FCPA: A Key Focus Of Securities Regulators
Posted on 7 Dec 2010 by Thomas O. Gorman

While insider trading has been dominating the news, the Foreign Corrupt Practices Act remains a key focus of securities regulators. The Department of Justice continued to unwind a years long conspiracy to violate the FCPA with the guilty plea yesterday... Read More

What is your FCPA Investigation Protocol?
Posted on 22 Sep 2010 by Thomas Fox

Speaking at the IQPC 2010 Internal and Regulatory Investigations in Oil and Gas Conference , Dominic Sheils, Compliance Counsel for John Wood Group PLC, and James W. Noe, Senior Vice President, General Counsel and Compliance Officer for Hercules Offshore... Read More

This Week in Securities Litigation (March 2, 2012)
Posted on 2 Mar 2012 by Thomas O. Gorman

This week the jury began deliberations in the Robert Allen Stanford Ponzi scheme case without hearing from Mr. Stanford despite promises to the contrary from defense counsel at the beginning of the trial. Granger announced an SEC FCPA probe centered... Read More

The SEC Settles Two FCPA Cases
Posted on 2 Jul 2010 by Thomas O. Gorman

FCPA enforcement continues to be a priority for the SEC and DOJ. This week the SEC filed two settled FCPA cases. One is a follow up to earlier cases the Commission has brought in conjunction with DOJ. SEC v. Technip , Case No. 4:10-cv-02289 (S.D. Tex... Read More

Goodyear to Pay SEC More Than $16M to Settle Federal Corruption Claims
Posted on 24 Feb 2015 by Doug Esten

WASHINGTON, D.C. — (Mealey’s) According to the terms of administrative order issued by the Securities and Exchange Commission today, Goodyear Tire & Rubber Co. will pay more than $16 million to settle claims that it violated provisions... Read More

The Origins of the FCPA: Lessons For Effective Compliance and Enforcement
Posted on 9 Sep 2014 by Thomas O. Gorman

“They trusted us” — Judge Stanley Sporkin explaining why 450 corporations self-reported in the 1970s Volunteer Program without a promise of immunity. This is the first part of an occasional series. The entire paper will be published... Read More

Congressional Hearings for Amendment of the FCPA
Posted on 7 Dec 2010 by Thomas Fox

At what the FCPA Blog termed "an unprecedented investigation into the Department of Justice's (DOJ) enforcement of the Foreign Corrupt Practices Act (FCPA)", on November 30, 2010, at a hearing entitled the " Examining Enforcement... Read More

Three Employees of Broker Plead Guilty to FCPA Charges
Posted on 3 Sep 2013 by Thomas O. Gorman

Three employees of a New York broker-dealer pleaded guilty on Friday, August 30, to charges of conspiracy, violating the FCPA, violating the Travel Act, money laundering and conspiracy to obstruct justice. Specifically, Ernesto Lujan, Jose Hurtado and... Read More

Posted on 13 Dec 2010 by Thomas O. Gorman

FCPA enforcement officials repeatedly emphasized the necessity for adequate compliance procedures and the value of voluntarily reporting and cooperation when a violation is discovered. The FCPA settlement of RAE Systems Inc. with the Department of Justice... Read More