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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

Cobalt receives SEC declination for Angola investigation

Here’s a statement that Cobalt released Wednesday:

 

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Cobalt International Energy, Inc. (“Cobalt”) (NYSE:CIE) today announced that it has received a termination letter from the United States Securities and Exchange Commission (“SEC”) advising Cobalt that the SEC’s FCPA investigation relating to Cobalt’s operations in Angola has concluded and that the Staff does not intend to recommend any enforcement action by the SEC.… Continue Reading

Image Sensing Systems reports double declination

Minnesota-based Image Sensing Systems said the DOJ has “closed its inquiry” into potential Foreign Corrupt Practices Act violations and the SEC has also closed its investigation.

The company said last week the DOJ decision not to bring an enforcement action cited its “voluntary disclosure, thorough investigation, cooperation and voluntary enhancements to its compliance program.”… Continue Reading

DOJ declination for Smith & Wesson, SEC settlement ‘close’

Smith & Wesson said the DOJ has ended its FCPA investigation of the company and won’t bring criminal charges, and that a civil settlement with the SEC is close.

The DOJ launched the investigation after the 2010 indictment of its VP for sales at the start of the bungled Africa sting prosecution.… Continue Reading

DOJ declination for SL Industries

The Department of Justice has dropped its Foreign Corrupt Practices Act probe of SL Industries Inc. without filing charges, the New Jersey-based power technology company said in its annual report Wednesday. 

SL Industries first disclosed an internal investigation in May 2012.Continue Reading

DOJ Declination for LyondellBasell

LyondellBasell Industries NV, the Netherlands-based petrochemical maker, said Thursday in an SEC filing that the Justice Department has closed its investigation into a payment made in Kazakhstan that had raised compliance concerns.… Continue Reading

DOJ declination for Owens-Illinois

Photo courtesy of Owens-Illinois (http://www.o-i.com/Why-Glass/)Glass-maker Owens-Illinois Group Inc. said that following its internal investigation into possible FCPA anti-bribery and books and records violations and voluntary disclosure to the feds, the DOJ won’t bring an enforcement action.… Continue Reading