The U.S. Court of Appeals for the Eleventh Circuit today said a lower court didn’t make a mistake when it denied victim status to a Costa Rican state-owned utility.
“The district court identified the pervasive, constant, and consistent illegal conduct conducted by the ‘principals’ (i.e.… Continue Reading
A Costa Rican citizen serving jail time there has said in a sworn statement filed in U.S. federal court that no one at the Instituto Costarricense de Electricidad S.A. (ICE) knew about Alcatel’s bribery except those directly involved.… Continue Reading
Just three directors and three employees out of 16,000 personnel at Costa Rica’s Instituto Costarricense de Electricidad, S.A. (ICE) benefited from Alcatel-Lucent’s bribery, ICE said in a filing this weekend.… Continue Reading
The DOJ and Alcatel-Lucent this week responded to the petition filed by Costa Rica’s Instituto Costarricense de Electricidad, S.A. (ICE) for victim’s status and restitution.
The DOJ’s filing opened with references to ICE’s “vitriolic allegations and false accusations questioning the motives, competence, and conduct” of the DOJ and SEC.… Continue Reading
By Jordan Maglich
As readers of the FCPA Blog know, the past few years have seen a dramatic rise in FCPA prosecutions. In 2010 alone, companies settling FCPA-related charges paid $1.8 billion in monetary penalties, nearly tripling the $641 million paid in 2009.… Continue Reading
[Editor’s note:This post exceeds our normal word count. But because the issues raised are new in an FCPA case, we wanted the first impression to be accurate and complete.]
A state-owned company that awarded Alcatel-Lucent more than $300 million in bribe-tainted contracts has asked a federal court in Florida to block Alcatel’s FCPA settlement with the U.S.… Continue Reading
In one of the biggest Foreign Corrupt Practices Act settlements of all time, Paris-based Alcatel-Lucent S.A. will pay $137 million for bribing officials in Costa Rica, Honduras, Malaysia, and Taiwan.
The company and three subsidiaries will pay $92 million to resolve criminal charges with the DOJ and $45 million in disgorgement to the SEC.… Continue Reading