In the News Today - November 19, 2015

November 19, 2015

Prosecution Rests its Case in Sheldon Silver Trial: Throughout the trial of the indicted former New York Assembly Speaker, prosecutors "focused on advancing the notion that Mr. Silver systematically masked any involvement he had with asbestos litigation in an effort to obscure one of the alleged schemes: that he was receiving fees from a law firm for referring patients recommended to him by a doctor in exchange for directing state grants to that doctor’s field of research." (Wall Street Journal)

SEC Enforcement Division Director Says Self-Reporting Needed for Deferred Prosecution Agreements: "Companies that are hoping to persuade prosecutors to recommend deferred or non prosecution treatment for Foreign Corrupt Practice Act violations" must self-report these alleged violations to the Securities and Exchange Commission," Enforcement Division director Andrew Ceresney said this week. (Bloomberg BNA)