The market for directors and officers liability insurance has been out of kilter since the start of the year, with more demand than supply. Now, the D&O market is nearly frozen, and companies are scrambling to adequately insure those serving on their boards or as part of management.… Continue Reading
The DOJ’s new guidance for evaluating corporate compliance programs put the spotlight on organizational justice, or what we might simply call fairness.… Continue Reading
Last week’s $1.06 billion blockbuster resolution by Sweden’s Ericsson included disgorgement to the SEC of $540 million. By our count that’s the second biggest disgorgement ever ordered in an FCPA enforcement action.… Continue Reading
Swedish telecom Ericsson agreed Friday to pay the DOJ and SEC over $1 billion in one of the biggest Foreign Corrupt Practices Act enforcement actions ever.… Continue Reading
One of the world’s biggest shipbuilders agreed Friday to pay $75 million in total penalties to resolve criminal FCPA offenses in Brazil.… Continue Reading
Vantage Drilling International agreed to disgorge $5 million to the SEC Monday to settle FCPA internal accounting controls offenses related to drilling services contracts with Petrobras.
Petrobras’s $1.78 billion FCPA resolution last week included disgorgement of $933.5 million, the biggest ever ordered in an FCPA enforcement action.
The SEC allowed Petrobras to credit against the disgorgement the money it had already paid into a settlement fund for U.S.… Continue Reading