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PetroTiger Exonerated From FCPA Prosecution

Jaclyn Jaeger | June 16, 2015

First, it was Morgan Stanley in 2012. Now, for only the second time in the history of the Foreign Corrupt Practices Act (at least, that's been publicly reported), the Department of Justice this week exonerated a company from FCPA prosecution, despite guilty pleas by three of its top executives.

Typically, when the Justice Department brings charges of FCPA violations against company executives, charges against the company itself aren’t far behind. That is, unless you are Morgan Stanley—and now oil and gas company PetroTiger.

On June 15, the Justice Department said it has opted not to bring an enforcement action against PetroTiger over violations of the FCPA, “based on PetroTiger’s voluntary disclosure, cooperation, and remediation, among other factors."

The decision not to pursue charges of any kind is a marked departure from most...

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