News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
[…] Violations Disclosed During Monsanto’s Pre-Acquisition Due Diligence July 26, 2007 — The Securities and Exchange Commission has settled Foreign Corrupt Practices Act enforcement actions against Delta & Pine Land Company, a Mississippi-based cottonseed producer, and its 100% owned subsidiary, Turk Deltapine, Inc. From 2001 to 2006, Turk Deltapine made payments of approximately $43,000 to […]
On August 8, 2007, the founder (and current editor at large) published the first post on the FCPA Blog, “Delta & Pine Land Company Settles FCPA Charges.” Before Siemens, Airbus, and Goldman Sachs, there was Delta & Pine Land Company. Delta Pine, which paid $43,000 in bribes to multiple officials of the Turkish […]
[…] customs regulations; (3) customs clearance for goods and equipment; (4) immigration and tax benefits; and (5) a beneficial tax audit. ________ 2 See SEC v. Delta & Pine Land Co., No. 07-cv-01352 (D.D.C. filed July 25, 2007); In the Matter of Delta & Pine Land Co., SEC Admin. Proceeding File No. 3-12712, Cease & […]
[…] never collected disgorgement in FCPA cases; since then it has sought it in virtually every case with only a few exceptions, such as Dow Chemical, Delta & Pine Land, Lucent, and Conway. In Tyco, the SEC collected $1 in ill-gotten gains (along with $50 million in penalties related to other violations). While this is […]
[…] breakdown (our first) for 2007 and 2006. For 2007: Aibel — $4.2 million Baker Hughes — $44 million Bristow Group — nil Chevron — $28 million Delta Pine — $300,000 Dow Chemical — $325,000 El Paso Corporation — $2.25 million Immucor — nil Ingersoll-Rand — $4.2 million Lucent — $1.5 million Omega Advisers — […]
[…] Lockheed aborted the offer and in 2005 Titan paid a record $28.5 million for its FCPA settlement. More recently, M&A activity resulted in enforcement actions involving Delta Pine, Aibel, and Latin Node, among others. In May, Sun Microsystems self-disclosed an internal investigation into possible FCPA violations discovered during due diligence for Oracle’s takeover bid. […]
[…] amicus brief is annotated with links to our posts where available or with original citations: (1) Government inspection reports and laboratory certifications. See SEC v. Delta & Pine Land Co. at our post here. (2) Reductions in annual employment tax obligations. See In the Matter of Bristow Group Inc. at our post here. (3) […]
Health care giant Johnson & Johnson will pay more than $2.2 billion to resolve criminal and civil claims arising from allegations of kickbacks to U.S. doctors and improper marketing claims about three of its prescription drugs.
The parent company of Virginia-based DynCorp International Inc. said Wednesday the DOJ won’t bring an enforcement action following an investigation into payments by two subcontractors to speed up the issuance of visas and permits.
Facing bribery charges, Bernie Ecclestone, chief of Formula One racing, has stepped down from the board of the company that runs the sport, Delta Topco, until the case concludes.