Foreign Corrupt Practices Act News

Given the recent slew of negative press about the government's failure to prosecute executives for their alleged role in the 2008 financial crisis, it is unsurprising that the Justice Department is making high profile moves against big banks. However, the strategy the Justice Department is pursuing, as recently reported by Ben Protess of the New York Times' Deal Book, raises serious concerns.

Hits and misses, does it really need to cost this much, the Wal-Mart effect, survey says, Senate hearing quotable, while they’re at it, checking in on Hollywood and Goldman too, spot on, and some refreshing words.  It’s all here in the Friday roundup.

Among the more controversial questions about the U.S.’s Foreign Corrupt Practices Act has been the extent of its reach in enforcement actions against foreign-domiciled individuals. Two recent decisions from the Southern District of New York reached differing conclusions about the statute’s reach.