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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

Why no alarm bells back home over SEC Gold Fields probe?

Listing shares internationally often carries unwelcome regulatory and compliance risks. This was recently highlighted by the SFO’s corruption probe into the London-listed Kazakh miner ENRC, shortly to be delisted, as well as probes into Indonesia miner and London-listed Bumi plc, and most recently by the SEC’s investigation of South Africa’s Gold Fields, which has a secondary New York listing.… Continue Reading

ABM Industries’ Latest FCPA Disclosure

Building services company ABM Industries Incorporated said it has spent ‘$3.3 million of legal fees and other costs associated with an internal investigation into a foreign entity previously affiliated with a joint venture.’… Continue Reading

Open Season On The FCPA

Thanks to the DOJ’s hyper-enforcement since 2007, the FCPA is on its way to becoming one of the most famous laws in the world.

It makes news somewhere every day — in Africa, the U.K.,… Continue Reading

U.S. Corporate Prosecutions Go Global

Foreign corporate prosecutions can involve headline-grabbing multimillion dollar fines, international corporate scandals, and even diplomatic intrigue. Over the past two decades, federal prosecutors have focused their attention on international antitrust cartels, bribery of foreign governments, ocean dumping, and other crimes that involve corporate conduct abroad.… Continue Reading

‘Majority’ Report

Ryan Morgan: With the DOJ’s brief in the Lindsey Manufacturing case as a guide, defining who is or is not a foreign official in the eyes of the DOJ just became clearer.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

But Is It Right?

Something big, very big, is happening in FCPA enforcement. The top ten FCPA settlements of all time involve penalties of $2.8 billion. The top six happened in just the past 20 months and account for 95% of that, or $2.67 billion.Continue Reading