Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.


Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

Judge dismisses SEC FCPA case against former Och-Ziff executives

Jaclyn Jaeger | July 16, 2018

A federal judge has dismissed the Securities and Exchange Commission’s civil lawsuit against two former executives of U.S. fund manager Och-Ziff Capital Management Group, finding that the SEC filed too late to seek damages for violations of the Foreign Corrupt Practices Act. The company is accused of making bribery payments to high-level government officials in Africa in exchange for business.

In a 32-page opinion on July 12, U.S. District Judge Nicholas Garaufis for the Eastern District of New York found that the SEC’s civil claims against Michael Cohen, who headed Och-Ziff’s European office, and Vanja Baros, an investment executive on Africa-related deals, were barred by the FCPA’s five-year statute of limitations.

The SEC complaint, filed in January 2017...

Read this single article for $49, or click the subscribe button below to review subscription options.

Enjoy unlimited access to thousands of articles, browse five years of digital magazines, qualify for reduced admission to events, and more.