Electrical technology giant ABB Ltd of Switzerland reached a settlement Wednesday with the DOJ of criminal FCPA charges and will pay a fine $19 million. And in resolving civil charges with the SEC, the company will disgorge $22.8 million and pay a $16.5 million civil penalty.… Continue Reading
Ousama Naaman, Innospec’s agent who pleaded guilty in June to criminal FCPA and conspiracy charges, is scheduled to be sentenced in federal court in Washington, D.C. on December 19, 2010. He faces up to ten years in prison but hopes to serve his time in a Canadian jail.… Continue Reading
By Thomas Fox
The U.K. Ministry of Justice has released its “Consultation on guidance about commercial organisations preventing bribery (section 9 of the Bribery Act 2010).” As required by the Act, it provides guidance to “support businesses in determining the sorts of bribery prevention measures they can put in place.”… Continue Reading
Former KBR boss Albert “Jack” Stanley, who pleaded guilty in September 2008 to a two-count criminal information charging him with conspiracy to violate the Foreign Corrupt Practices Act and to commit mail and wire fraud, will remain free on bail until at least January 19, 2011.… Continue Reading
The European Court of Justice said last week that communications between management and in-house attorneys aren’t protected from disclosure or discovery in investigations by the European Commission.
The appeal to the ECJ was brought by Akzo Nobel Chemicals and a subsidiary.… Continue Reading