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
Ah, Spring. And the corporate compliance monitors are back in the news. Here’s what’s happening:
It’s an annual event. Democrats in Congress have re-introduced a bill from last year to regulate the way monitors are selected, paid and held accountable.… Continue Reading
We’re always thankful for Fridays, of course, but today ranks above others. Finally we can say goodbye to October 2008 — a month that changed the world. We asked a friend for a favor last week.… Continue Reading
Based on total page views, here are the top five posts from the FCPA Blog so far in 2008:
1. Feeling the Heat Overseas, June 9, 2008
… Continue ReadingForeign companies can’t be blamed for wondering if they’re being singled out under the Foreign Corrupt Practices Act.
It’s the weekend again. Good thing. We need (and deserve) some rest. What serious mind, after all, wouldn’t be exhausted pondering how Tampa Bay can be one and a half games clear of the Red Sox?… Continue Reading
Faro Technologies Inc. confirmed that it has resolved Foreign Corrupt Practices Act offenses with the Department of Justice and the Securities and Exchange Commission. The DOJ settlement requires payment of a $1.1 million criminal penalty and entry into a two-year non-prosecution agreement with appointment of a compliance monitor.… Continue Reading
The last time it happened, North America was still deep in winter. On February 22nd, Flowserve agreed to appoint a monitor under a deferred prosecution agreement with the Department of Justice.… Continue Reading
It’s been a quiet time here at the FCPA Blog. Not much to report — which isn’t a bad thing. We’ve had a chance to clean our desk, get our shoes shined, and pick on Wikipedia.… Continue Reading
Hearings by the U.S. House of Representatives’ Subcommittee on Commercial and Administrative Law on “Deferred Prosecution: Should Corporate Settlement Agreements Be Without Guidelines?” are now underway. In advance of the hearings, the DOJ last week issued new internal guidelines on the selection and handling of monitors.… Continue Reading
Reporter Mary Flood writes about deferred prosecution agreements in the February 29, 2008 Houston Chronicle here. For those new to the subject, deferred prosecution agreements (sometimes called non-prosecution agreements) allow corporations to avoid trials and criminal convictions in exchange for fines and compliance monitoring.… Continue Reading
Ellen Podgor at the indispensable White Collar Crime Prof Blog has a post about the federal compliance monitors program here. It links to an article in the Washington Post here, and sets out the text of proposed federal legislation to regulate the monitors and their appointments.… Continue Reading
We heard a few days ago (here) that some Siemens insiders are trying to calculate the company’s potential financial penalties for alleged Foreign Corrupt Practices Act offenses. Apparently the insiders think that past FCPA settlements reveal a correlation between the amount of bribes paid and the financial penalties imposed on the organizations.… Continue Reading
The problems started for the Justice Department’s corporate monitoring program late last year. Five leading orthopedic device makers had been charged with bribing doctors in the U.S. to get their business.… Continue Reading
