Predictably, the NGO “transparency” brigade has once again raised its guns and placed its cross-hairs over its preferred target: the offshore service providers in the British Overseas Territories, particularly those in the Caribbean. Only this time, they appear to have coerced and cajoled the support of a split, and apparently hesitant, UK government.
Search Results for: label/Private Right of Action – Page 3
The SEC last week brought its first enforcement action based solely on retaliation against a whistleblower. Casino-gaming company International Gaming Technology (IGT) agreed to pay a $500,000 penalty to settle the SEC’s enforcement action.
[…] _____ Mathad Al-Ajmi, pictured above left, is Chair of the Integrity & Compliance Taskforce at B20 Saudi Arabia and Vice President and General Counsel at Saudi Telecom Company (stc). Karen Griffin, above right, is Co-Chair of the Integrity & Compliance Taskforce at B20 Saudi Arabia and Executive Vice President and Chief Compliance Officer at Mastercard.
[…] directly. It’s interesting nonetheless because it raises the bar for private litigants wanting to sue management based on FCPA violations. As we’ve said before, there’s no private right of action under the FCPA itself and private litigants seeking relief have to resort to other causes of action — such as common law fraud, RICO […]
In the tireless quest for effective anti-corruption measures, Collective Action (CA) can be a promising approach. The core principle of CA is that joining forces can boost effectiveness of anti-corruption actions and, even more, level the playing field for those involved.
[…] As the AmLaw’s Litigation Daily put it, the defendants are accused of “everything from overbilling to human trafficking to covering up a gang rape.” There’s no private right of action under the FCPA so private litigants seeking relief have to resort to other causes of action — such as common law fraud, RICO, securities […]
Metals technology industry leaders announce their participation in Anti-Corruption Collective Action Initiative
The three leading companies in the metals technology industry — Danieli & C. Officine Meccaniche SpA, Primetals Technologies Limited, and SMS GmbH — have announced their participation in a sector-specific Collective Action Initiative in which they exchange best practice and knowledge in anti-corruption compliance and related developments within their industry.
A recent scandal at a major Chinese public hospital revealed that many of the public hospitals across the country outsource their medical services to private companies and employ doctors as independent contractors. That could raise doubts about some public hospital doctors in China being “foreign officials” under the FCPA.
David J. Marshall: SEC breaks new ground, bans employer-imposed waiver of right to whistleblower award
The Securities and Exchange Commission sent a strong message to employers nationwide last week when it issued a cease-and-desist order against a company that required departing employees, as a condition of receiving severance, to sign an agreement waiving their right to any award from the SEC Whistleblower Program for reporting securities law violations.