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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Breaking News: ICE Loses ‘Victim’ Bid

At a hearing in federal court in Miami yesterday, Judge Marcia G. Cooke made a finding that Costa Rica’s Instituto Costarricense de Electricidad S.A. (ICE) was not a victim of Alcatel-Lucent’s bribery, and not entitled to restitution. 

At the hearing, Judge Cooke said the issues were too intertwined as to whether ICE was a victim or an offender, and that corruption was rampant at ICE.

The ruling vindicates the DOJ. Its practices had come under fire in ICE’s court filings.

Unless ICE appeals, the ruling will end the first petition by an alleged victim in an FCPA enforcement action seeking to intervene and claim restitution under U.S. law.

The judge’s action cleared the way for final court approval of Alcatel-Lucent’s $137 million settlement with the DOJ and SEC.

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