All Department of Justice articles – Page 40
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Blog
Department of Justice seeks new compliance counsel
Legal and compliance professionals interested in joining the Department of Justice’s Fraud Section for the compliance counsel job have until June 27 to apply. The Fraud Section is on the lookout for a new compliance counsel to replace Hui Chen, the first person to ever assume the role.
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Blog
Bill Baer to rejoin Arnold & Porter Kaye Scholer
Bill Baer, former Acting Associate Attorney General and Assistant Attorney General for Antitrust at the Department of Justice, will rejoin the firm Arnold & Porter Kaye Scholer as partner on June 1, 2017, resident in the Washington office.
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Blog
Microsoft: Why we are adopting ISO 37001
In a recent blog post, Microsoft’s deputy general counsel explains why it decided to become the first U.S. and multinational company to seek ISO 37001 certification, and why other companies should do the same.
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Article
Preventing False Claims Act liability
During a recent panel, federal and state officials, corporate defense attorneys, and whistleblower reps alike debated the ins and outs of U.S. FCA cases and how to defend them.
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Bumble Bee to pay $25M in price-fixing scheme
Seafood company, Bumble Bee, pleaded guilty yesterday and agreed to pay a $25 million criminal fine resulting from an ongoing federal antitrust investigation into the packaged seafood industry.
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Former Magyar Telekom executives settle FCPA case
Two former executives at Hungarian-based telecommunications company Magyar Telekom agreed to pay financial penalties and accept officer-and-director bars to settle a previously filed SEC case alleging violations of the Foreign Corrupt Practices Act.
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Department of Justice vows to speed up FCPA investigations
A U.S. Department of Justice official said in remarks that the agency is making a “concerted effort” to speed up the pace of FCPA investigations and that the agency expects cooperating companies to do the same.
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U.S. judge orders Odebrecht to pay $2.6B in global bribery case
A U.S. federal judge this week ordered Odebrecht to pay $2.6 billion in fines for violations of the Foreign Corrupt Practices Act, securing a plea deal reached last year with authorities in the United States, Brazil, and Switzerland.
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Trump nominates M&A expert for Justice Department
President Trump has found his M&A guru and announced his intention to nominate Makan Delrahim to the Department of Justice. If confirmed, he will serve as an assistant attorney general in the Anti-Trust Division.
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What’s to come of the Pilot Program?
The countdown begins for when the compliance community will soon find out the fate of the Pilot Program initiated last year by the Criminal Division’s Fraud section. Until then, “the program will continue in full force until we reach a final decision on those issues,” Acting Assistant Attorney General Kenneth ...
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Article
The FCPA is unlikely to vanish under President Trump
Despite rhetoric to the contrary, FCPA enforcement during the Trump administration will not die off. If anything, it might actually increase. Jaclyn Jaeger explores.
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Department of Justice guidance: ‘Evaluation of Corporate Compliance Programs’
With little fanfare, the Department of Justice last week published a list of sample topics and questions, entitled the “Evaluation of Corporate Compliance Programs.” Ethics and compliance officers will find the document useful as it provides a more explicit explanation as to what common questions the Fraud Section may ...
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Cobalt: Justice Department drops FCPA probe
Title: Cobalt: Justice Department droCobalt International Energy said the Department of Justice does not intend to recommend any enforcement action after looking into potential violations of the Foreign Corrupt Practices Act related to Cobalt's operations in Angola. The SEC reached a similar conclusion last year when it closed its investigation. ...
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Panasonic discloses FCPA probe
Panasonic, a Japanese multinational electronics company, today issued a statement disclosing that it’s being investigated for potential violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Article
Straddling the global enforcement pond
Matthew Reinhard discusses the complexities involved in navigating joint United States, United Kingdom investigations.
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Article
Yates’ exile from Justice Dept. could fuel corporate uncertainty
President Trump has fired Acting Attorney General Sally Yates over her opposition to a ban on Syrian refugees. Companies should pay close attention to aftershocks that could affect government prosecutions and FCPA enforcement, writes Joe Mont.
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Blog
Las Vegas Sands pays $7M for FCPA violations
Las Vegas Sands agreed to pay a $6.96 million criminal penalty to resolve the government’s investigation into violations of the Foreign Corrupt Practices Act. This resolution is in addition to the $9 million related civil penalty paid to the SEC in April. Jaclyn Jaeger reports.
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Chilean chemicals and mining company to pay $30.5M in FCPA case
Chilean chemicals and mining company Sociedad Química y Minera de Chile (SQM) agreed to pay a combined $30.5 million in criminal and civil penalties in connection with payments to politically connected individuals in Chile in violation of the Foreign Corrupt Practices Act. Jaclyn Jaeger has more.
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Deutsche Bank, Credit Suisse reach combined $12.5B settlements
Deutsche Bank and Credit Suisse last month agreed to pay a combined $12.5 billion in penalties related to the packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities, whereas Barclays and several of its U.S. affiliates are battling a civil complaint over similar claims. Jaclyn Jaeger reports.
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McKesson to pay $150M in prescription drug probe
Drug distributor McKesson will pay a record $150 million civil penalty for alleged violations of the Controlled Substances Act, the Justice Department announced today. The settlement also imposes new and enhanced compliance obligations, as well as an independent monitor—the first independent monitor of its kind in a CSA civil penalty ...