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
The Securities and Exchange Commission Tuesday charged U.K.-based pharma AstraZeneca PLC with violating the books and records and internal controls provisions of the Foreign Corrupt Practices Act when wholly-owned subsidiaries in China and Russia made illegal payments to boost drug sales.… Continue Reading
Image courtesy of the Clinton FoundationIn 2005, former president Bill Clinton traveled to Kazakhstan to meet with its leader, Nursultan Nazarbayev. Clinton flew to Almaty with the Canadian mining financier Frank Giustra on Giustra’s private jet, the New York Times reported Thursday.… Continue Reading
This is the final post in my series analyzing IKEA’s charitable contributions in Russia in the 1990s and early 2000s. I haven’t presumed IKEA was subject to the FCPA when the events happened or that any FCPA violations might have occurred.… Continue Reading
A former and a current executive of Noble Corporation settled with the SEC without paying any penalties, according to a stipulation filed with the federal district court in Houston Wednesday.
Mark Jackson, Noble’s former CEO, and William Ruehlen, head of the company’s Nigeria unit, were charged in February 2012 with bribing officials in Nigeria in exchange for illegal import permits for drilling rigs.… Continue Reading
The Wall Street Journal’s Joel Schectman reported Monday that the SEC is dropping allegations that former executives of the Hungarian unit of Deutsche Telekom bribed officials in Montenegro.
Former Magyar Telekom CEO Elek Straub and two former senior executives, Andras Balogh and Tamas Morval, were accused of bribing Montenegrin officials in 2005 when Magyar gained a controlling interest in privatized Telekom Crne Gore A.D.… Continue Reading
Last week, in the case Gabelli v. SEC, the U.S. Supreme Court unanimously held that the Securities and Exchange Commission, when seeking a penalty or fine in connection with a civil enforcement action, must file the action within five years of the completion of the alleged fraud or wrongful conduct.… Continue Reading
A federal district court in New York City issued an order Friday denying a motion to dismiss a civil FCPA enforcement action against three executives of Magyar Telekom Plc.
In December 2011, the SEC sued Elek Straub, Andras Balogh, and Tamas Morvai for FCPA violations.… Continue Reading
The SEC got the green light this week from a federal judge to charge two former Noble executives with FCPA-related offenses they committed after February 2007.
Judge Keith Ellison Tuesday refused to dismiss the SEC’s complaint but cut off claims that arose before early 2007 based on the FCPA’s five-year statute of limitations.… Continue Reading
A German citizen who once ran Siemens’ subsidiary in Argentina said in a court filing last week that the U.S. Securities and Exchange Commission has no jurisdiction over him and its civil complaint should be dismissed.… Continue Reading
In its disclosure yesterday, Avon provided a glimpse into what it means to be cooperating with the DOJ and SEC.
Avon is deep into a huge global investigation about FCPA compliance that so far has cost the company more than $280 million.… Continue Reading
A former Siemens executive charged by the SEC with violating the Foreign Corrupt Practices Act has reached agreement in principle to settle his case.
Ariel Sharef and the SEC are preparing settlement documents, the SEC told a federal judge in New York City last week.… Continue Reading
How long should the DOJ and SEC keep self reporting companies on the hook?
For example, in 2005 Tyco International Ltd discovered that subsidiaries and agents might have paid bribes overseas.… Continue Reading
