Bruce Carton

In March 2012, The Ohio State University Moritz College of Law organized a symposium called, “The FCPA at Thirty-Five and Its Impact on Global Business.” Many of the leading academics from both the U.S. and U.K., as well as government officials and experienced practitioners, presented at the symposium on a wide range of FCPA and international […]

Via the FCPA Professor, see if you can guess the answer to this question: Q: In its FY 2013, what did Wal-Mart pay an average of $604,000 in professional fees and expenses on per working day? A: Its ongoing defense and investigation of alleged corrupt practices by Wal-Mart in Mexico, which is now the subject of multiple federal investigations […]

I thought it had been pretty well-established in the Bonnie Hoxie/Yonni Sebbag case discussed here in January 2011 that selling stolen, pre-release earnings report information about a company was a foolish, “Go Directly to Jail”-type of offense. You may recall Hoxie, an administrative assistant to a high-level Disney executive, and her “laughable,” “harebrained,” “crazy” and “stupid,” […]

In a ruling handed down yesterday, ever-present U.S. District Court Judge Jed Rakoff ordered former Goldman Sachs board member Rajat Gupta to pay Goldman $6.218 million in restitution. The $6.218 million was for legal fees Goldman paid to a law firm related to the criminal insider trading case against Gupta that resulted in his conviction […]

The Satyam Computer Services scandal had an impact on shareholders in the U.S., but also in the company’s home country of India. Known as “India’s Enron,” the case spurred Indian shareholders to try to come together to obtain compensation for their losses — but they were stymied by the fact that India has no class […]

Throughout the week over at Securities Docket I highlight the most interesting columns and blog posts from around the web on the subjects of SEC enforcement and securities litigation. Here is a digest of my picks for the week ending February 22. Now Up: The “Third Wave” of Executive Compensation LitigationKevin LaCroix, The D & O Diary The first […]

On February 14, the parties to the coordinated securities class actions pending against Merck & Co. Inc., Schering-Plough Corp., Merck/Schering-Plough Pharmaceuticals, certain of the companies’ directors and officers, and the underwriters of a 2007 Schering stock offering announced that they had reached a settlement for a combined amount of $688 million. The massive $688 million […]

The U.S. Chamber Institute for Legal Reform has been, for some time, one of the leading voices demanding greater certainty and reforms in the government’s enforcement of the Foreign Corrupt Practices Act. The Chamber’s efforts in this area likely helped prompt the SEC and the DOJ to issue the 120-page “Resource Guide to the U.S. Foreign Corrupt […]

Yesterday, in her first hearing as a member of the Senate Banking Committee, Sen. Elizabeth Warren wasted no time in turning up the heat on the heads of the nation’s seven top financial regulators (from the SEC, Treasury, Federal Reserve, FDIC, Comptroller of the Currency, CFPB, and the CFTC). “The question I really want to ask,” […]

“Sequestration” at federal agencies is scheduled to result in significant budget cuts on March 1. Reuters reports that preliminary estimates from the the White House’s Office of Management and Budget show that the SEC’s $1.321-billion budget could face a sequestration cut of $108 million. The SEC, like many other agencies, has not discussed its plans should sequestration […]