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
In this second post of an eight-part series on “parental controls” (Part 1 is here), we explore the types of harm that parent companies may suffer for the wrongdoing that occurs at joint ventures, subsidiaries and franchisees.… Continue Reading
Eli Lilly and Company resolved FCPA civil charges brought by the Securities and Exchange Commission based on bribes to government officials in Russia, Brazil, China, and Poland.
Lilly agreed Thursday to pay $29.4 million to the SEC.… Continue Reading
The passing of Labor Day marks the advent of a new season. In my new home state of Virginia, the heat has softened and the riverside trees take on a faint yellow; for our friends in the Southern Hemisphere, perhaps the winter wanes and blossoms bud.… Continue Reading
Texas-based medical device company Orthofix International N.V. settled FCPA charges today relating to bribes in Mexico.
The company agreed to pay the SEC $5.2 million, including $4.98 million in disgorgement and $242,000 in prejudgment interest.… Continue Reading
By T. Markus Funk and M. Bridget Minder
Simmering throughout 2011, the robust FCPA reform debate can now be divided into a number of distinct drafting and public policy battle fields.… Continue Reading
We wish all our readers, contributors, and sponsors a Happy New Year.
This blog was launched in 2007 with a short post about an enforcement action against Textron. That company’s compliance problems, we noted, were caused by fifth-tier French subsidiaries.… Continue Reading
The Securities and Exchange Commission kicked off the FCPA-enforcement year this week with civil books and records and internal controls charges against Texas-based oil and gas services firm NATCO Group Inc.… Continue Reading
Agricultural equipment-maker AGCO Corporation will pay nearly $20 million in criminal and civil penalties to resolve charges related to kickbacks it paid under the U.N. oil for food program. Under its plea deal with the Justice Department, the Duluth, Ga.-based… Continue Reading
Internal controls and books and records violations; impermissible “facilitating payments” to customs officials and bribes to airline employees
California-based Con-way, Inc., a global freight forwarder, has paid a $300,000 penalty and accepted a cease and desist order to settle a Foreign Corrupt Practices Act enforcement action with the Securities and Exchange Commission.… Continue Reading
Not all Foreign Corrupt Practices Act violations make the news. Here are three reasons why:
Reason #1. Ignorance. Some companies don’t discover their own FCPA problems. It sounds improbable, but it happens.… Continue Reading
The question our readers most want answered — after we tell them bloggers have no way to predict Powerball winners — is, Who’s covered by the Foreign Corrupt Practices Act? It’s always the jurisdiction thing — and for good reason.… Continue Reading
It’s easy enough to scoff at the slogans, proverbs and aphorisms that line the halls of the great corporations. Who hasn’t emerged from a conference-room donnybrook wondering who the Teamwork posters are supposed to be talking about?… Continue Reading
