As mentioned in my post last week, one way the DOJ determines if a company has performed the required anti-corruption due diligence when acquiring an entity is looking at whether the new entity was promptly incorporated into the acquiring company’s internal controls, including its compliance program.… Continue Reading
Wells Fargo said in a securities filing the Justice Department and the Securities and Exchange Commission are now among the federal and state agencies investigating its sales practices.
The bank said Thursday it has lifted its reserve for litigation losses from $1 billion to $1.7 billion.… Continue Reading
Volkswage AG said in a statement Sunday that German prosecutors have extended an investigation into alleged market manipulation to include two board members including chairman Hans Dieter Poetsch.
VW has admitted installing cheating software that gave false results on emissions tests on more than 11 million diesel vehicles sold worldwide.… Continue Reading