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Editors

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

Posts Tagged: BAE Systems

Graft Buster Enters French Politics

Eva Joly, a Norwegian-born former French magistrate, is running for the French presidency under the Green Party banner.

She became famous across Europe for being a fearless anti-corruption campaigner, even taking on former minister Bernard Tapie and Crédit Lyonnais bank.… Continue Reading

Is The Giffen Case America’s BAE?

We’re always happy to hear from lawyer Andy Spalding, left. He recently returned from a year-long Fulbright Research Grant in Mumbai, India, and is now on the faculty at the Chicago-Kent College of Law.… Continue Reading

The Company Line

It’s not hard to find reasons why the DOJ and SEC would rather prosecute corporations instead of individuals.

Here are a few:

Corporations can’t defend themselves. They’re strictly liable under respondeat superior for crimes committed by employees in the scope of their jobs.

Continue Reading

The FCPA’s Top Ten

Here are the top ten FCPA settlements of all time. If our math is right, the financial penalties (criminal fines, civil disgorgement, and prejudgment interest) add up to $2.8 billion, with almost 50% of that coming from the top two settlements.… Continue Reading

Plaintiffs Keep Trying

Parker Drilling’s directors are facing a shareholder suit that was brought after the company’s detailed disclosure earlier this month that it is being investigated by the Justice Department and Securities and Exchange Commission for compliance problems in Nigeria and Kazakhstan.… Continue Reading

Goodbye, Mr. Mendelsohn

As head of the DOJ’s Foreign Corrupt Practices Act enforcement unit, Mark Mendelsohn transformed the FCPA from a legal backwater to a headline practice. He’s leaving the Justice Department Friday after a dozen years, and leaving behind the most aggressive overseas anti-bribery regime in the world.… Continue Reading

Headwinds In London

SFO Director Richard Alderman: Good job, don’t do it again. A senior Crown Court judge on Friday warned the head of Britain’s Serious Fraud Office (SFO) that he doesn’t have the legal authority to settle corruption prosecutions with plea bargains.… Continue Reading

Debarment For BAE?

A report posted yesterday in Defense News said the U.S. State Department has placed a “temporary administrative hold” on weapons export licenses “by BAE Systems or companies using BAE Systems’ products.”… Continue Reading

Where The Money Is

The Justice Department on Monday described BAE’s $400 million FCPA-related settlement as one of the biggest ever.

Here, by our reckoning, are the other big payouts:

Siemens’ $800 million resolution with the DOJ and SEC in December 2008 is the most expensive so far.

Continue Reading

BAE Pleads Guilty

BAE Systems plc (BAE or BAES) pleaded guilty today in U.S. federal court in the District of Columbia to one count of conspiracy.

It admitted conspiring to defraud the United States by impairing and impeding its lawful functions, to make false statements about its Foreign Corrupt Practices Act compliance program, and to violate the Arms Export Control Act and International Traffic in Arms Regulations.… Continue Reading