LA-based Herbalife Ltd. has reserved $123 million to settle FCPA offenses, following the indictment last year of two company executives charged with spending $25 million on entertainment and gifts for Chinese officials.… Continue Reading
Italian oil giant Eni S.p.A agreed Friday to settle FCPA offenses related to its subsidiary’s use of a “wholly unequipped” intermediary to win government oil contracts in Algeria.… Continue Reading
The SEC charged a former Goldman Sachs executive Monday with FCPA violations stemming from his alleged bribery plot to help a Turkish energy company win a power plant contract in Ghana.… Continue Reading
Last month, while all eyes in the FCPA world were on the acquittal of former Alstom executive Lawrence Hoskins in the U.S. District Court for the District of Connecticut, a far more significant FCPA decision was delivered a bit further down the coast by Judge Kevin McNulty of New Jersey’s federal trial court.… Continue Reading
The chairman of the U.S. Securities and Exchange Commission, Jay Clayton, chose a speech in September to the Economic Club of New York to argue that when it comes to enforcement of anti-corruption laws, the United States is “acting largely alone.”… Continue Reading
As long as U.S. federal law enforcement priorities remain the same, licensed cannabis operators are unlikely to be prosecuted if they are completely compliant with state laws. However, if the DOJ or state regulators discover that a license was acquired through corrupt means, the license will not provide any protection.… Continue Reading
With the U.S. government encouraging businesses to earn cooperation credit at the penalty phase of enforcement actions through the “naming of names” at the onset of investigations, there might be momentum for more executives being held personally accountable in regulatory enforcements.… Continue Reading
How should SEC whistleblower awards be calculated? In a working paper, I address this timely question.… Continue Reading
TechnipFMC plc paid the SEC $5 million Monday to settle FCPA offenses related to bribing Iraqi officials to win business with state-owned oil companies.
The London-headquartered oil and gas company disgorged $4.3… Continue Reading
American communication technology provider Polycom Inc. settled FCPA books and records and internal accounting controls provisions charges with the SEC Wednesday for using resellers and distributors in China to bribe government officials. … Continue Reading
CHS Inc. disclosed in an SEC filing Monday that it self-reported possible FCPA violations related to Mexican customs payments.
The Minnesota-based agriculture company said in a 10-K that it voluntarily disclosed the potential violations to the DOJ and SEC.… Continue Reading