News and commentary about white-collar crime, enforcement, and compliance
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
Russell A. Stamets
Contributing Editor
Richard Bistrong
Contributing Editor
Eric Carlson
Contributing Editor
A Delaware judge Friday dismissed a shareholder lawsuit against the directors of Wal-Mart Stores Inc. that alleged the directors failed to conduct a proper investigation into allegations of bribery in Mexico.… Continue Reading
Avon Products and lawyers representing investors asked a federal judge in New York Tuesday to approve a $62 million settlement in a securities fraud lawsuit that alleged the company and two former officers failed to disclose problems with company’s FCPA compliance in China.… Continue Reading
A federal court Monday dismissed a securities fraud lawsuit against Avon Products that alleged the company concealed that it didn’t stop bribery in China because doing that would have hurt its business there.… Continue Reading
Wal-Mart’s expenses for FCPA investigations and its global compliance program were $282 million for the past fiscal year and $157 million for the year before.
The company said in an SEC filing it expects more costs for FCPA investigations, and for responding to subpoenas and defending existing and new shareholder lawsuits.… Continue Reading
Here’s what Massachusettss-based gun-maker Smith and Wesson said in its annual report (Form 10-Q) filed with the SEC on December 10:
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On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the law enforcement and military equipment industries, one of whom was our former Vice President-Sales, International & U.S.… Continue Reading
Here’s the latest FCPA disclosure from Massachusetts-based Smith & Wesson from its Form 10-Q filed with the SEC on December 6. We’ve paragraphed the text for readability:
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On January 19, 2010, the DOJ unsealed indictments of 22 individuals from the law enforcement and military equipment industries, one of whom was our former Vice President-Sales, International & U.S.… Continue Reading
Chinese companies that listed securities on U.S. stock exchanges have been hit hard by shareholder actions. Not all of the suits involve allegations of FCPA offenses, but many do.
On his D&O Diary, Kevin LaCroix talked today about the lastest report from NERA Economic Consulting on securities litigation against non-U.S.… Continue Reading