This week, the Supreme
Court handed down its decision in Merck
on the statute of limitations in securities fraud damages actions.
Nevertheless, the spotlight remains on Goldman and the SEC's case against the
firm. Congressional hearings were held. The SEC received a letter requesting
SEC enforcement this week
brought another SOX claw back case, as well as actions alleging financial fraud
and another investment fund case. DOJ dropped their appeals in the two Broadcom
criminal option backdating cases which were dismissed for prosecutorial
misconduct. DOJ's action finally brought...
So what is the problem
with a US company paying for travel, room and board for foreign governmental
officials to travel to the United States? The problem is that payment for such
travel, lodging and expenses may run afoul of the prohibition against corrupt
payments (or promises...
The FCPA seems to be most closely associated with shady
oil operations, mining, defense contractors and infrastructure
transactions. The image is a big company coming in and bribing an
official for access to the country's resources.
The other side to that investment is that the countries
The Galleon insider trading trial continues this week in
New York. In another New York court room the Commission struggled to have a
partial settlement approved by the court. While the agency secured the
necessary approval it was not without a cost: The court reserved the right to
The market crisis, the FCPA and insider trading were
again the key focus this week. On Capitol Hill the Senate Permanent Committee
on Investigations issued a lengthy, detailed report regarding the causes of the
market crisis. This report builds on earlier efforts but contains substantial