James B. Stewart, left, arguably America’s finest business writer, has looked at the Tyson FCPA case for the New York Times. And he’s asked some tough questions about enforcement.
Hughes Hubbard’s annual FCPA reviews are new kids on the block. But we don’t know a better source for FCPA and compliance-related information.
Lawyers for Lindsey Manufacturing and two of its executives discovered yesterday that the government failed to turn over a grand jury transcript containing testimony of FBI agent Susan Guernsey.
She was the FBI case agent whose grand jury testimony was the basis of the pending motion to dismiss the indictment for government misconduct, due to what the defense asserts was her false and misleading grand jury testimony.… Continue Reading
The first shot-show defendants to be tried in federal court in Washington, D.C. are now waiting for the jury to return its verdict. Their trial opened on May 16.
Niko Resources, a publicly traded oil and gas company based in Calgary, was fined C$9.5 million (US$9.7 million) after pleading guilty to bribing a Bangladeshi minister.
Hungary’s Magyar Telekom has reserved about $62 million for an expected settlement of FCPA-related charges with the SEC, according to reports by Reuters and others.
The company’s internal investigation found potentially illegal payments of about $44 million by its Montenegrin or Macedonian units.… Continue Reading
A friend wrote:
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Here is another sad chapter in the Siemens saga. It’s a reminder to me of the unequal enforcement (or lack thereof) between the various jurisdictions.
I wonder if the people paying the bribes thought about the death penalty when they secretly met at coffee shops .
Can a corporation be criminally responsible under the FCPA’s anti-bribery provisions for payments it doesn’t know about? It sounds strange but the question comes up in a common scenario.
An employee pays bribes out of his or her own pocket to get more business for the company.… Continue Reading
Here’s some simple wisdom that applies to a congressman with an overactive camera thing, or to anyone thinking up convoluted ways to bribe foreign officials.
It’s from John Harris and Erika Lovley of Politico:
“It was Weiner’s misfortune to be something of an innovator in the realm of sexual scandal.… Continue Reading
In his testimony last week before the House committee investigating the FCPA, former U.S. Attorney General Michael Mukasey (left) proposed improving the procedures for federal guidance and advisory opinions. He said the current practice is inadequate and little used. … Continue Reading