Foreign Corrupt Practices Act News
March 4, 2013
Point of Law | March 4, 2013
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.
FCPA Professor | March 4, 2013
Last March I was pleased to play a role, along with Professor Daniel Chow and the staff of the Ohio State Law Journal, in organizing “The FCPA At Thirty-Five and Its Impact on Global Business.”
Wall Street Journal | Subscription Required | March 4, 2013
Las Vegas Sands Corp. told the Securities and Exchange Commission that an internal review found the casino operator had likely violated the Foreign Corrupt Practices Act, a federal law that bans bribing public officials abroad.
March 1, 2013
FCPA Professor | March 1, 2013
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.
WSJ.com Corruption Currents | March 1, 2013
Bourbon maker Beam Inc. said it spent. $4.2 million in 2012 primarily on an internal investigation into possible bribes paid to government officials in India.
February 28, 2013
D & O Diary | February 28, 2013
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.
Main Justice | Subscription Required | February 28, 2013
Mythili Raman will lead the Justice Department’s Criminal Division on an acting basis after Assistant Attorney General Lanny Breuer departs government on Friday.
February 27, 2013
FCPA Professor | February 27, 2013
On the heels of Judge Richard Sullivan’s February 8th pre-trial order denying their motion to dismiss, former Magyar Telekom executives Elek Straub, Andras Balogh and Tamas Morvai have moved to certify Judge Sullivan’s order for interlocutory appeal to the Second Circuit.
February 26, 2013
WSJ.com Corruption Currents | February 26, 2013
Nabors Industries Ltd. said Wednesday the U.S. Department of Justice had dropped a foreign bribery investigation into the company.
February 22, 2013
Main Justice | Subscription Required | February 22, 2013
Wal-Mart Stores Inc. spent $157 million last fiscal year in professional fees and expenses related to a sprawling foreign bribery investigation. According to a Thursday regulatory filing, the retailer expects to spend up to $45 million more in its first quarter.
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