All Department of Justice articles – Page 42
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Blog
Embraer nears end of FCPA case
Brazilian aircraft-company Embraer said this week that it is seeking to finalize agreements with the Department of Justice and the Securities and Exchange Commission to resolve allegations of criminal and civil violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Compliance measures save Harris from FCPA prosecution
Jaclyn Jaeger explains how when Harris Corp. learned of internal FCPA violations, its reaction would provide a case study for compliance officers everywhere.
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Och-Ziff to pay $412M for FCPA violations
Och-Ziff Capital Management Group and wholly-owned subsidiary OZ Africa Management will pay $412M for the bribery of government officials in Africa—the first time a hedge fund has been accountable for FCPA violations. Jaclyn Jaeger has more.
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The DoJ's view on what does—and doesn't—constitute meaningful cooperation
The Department of Justice’s Bill Baer provides the perspective needed to answer: What does, and what does not, constitute meaningful cooperation? Joe Mont reports.
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Sen. Warren demands investigation into lack of post-crisis prosecutions
In letters this week to the Department of Justice’s inspector general and FBI Director James Comey, Sen. Elizabeth Warren (D-Mass.) is demanding answers as to why the government failed to pursue criminal prosecutions for activities associated with the Great Recession of 2008. Joe Mont parses the contents of those scathing ...
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Cisco Systems FCPA probe ends in declinations
Networking giant Cisco Systems announced in its annual report that it will not face any enforcement actions in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act concerning its operations in Russia. Jaclyn Jaeger reports.
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Stuart Delery joins Gibson Dunn
Stuart Delery, former Acting Associate Attorney General of the U.S. Department of Justice—the third highest ranking position—will join international law firm Gibson, Dunn & Crutcher as a partner.
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Orthofix braces for SEC settlement in FCPA case
Orthofix International has recorded a charge of $4.6 million in the second quarter of 2016 to resolve potential FCPA charges with respect to its subsidiary in Brazil. Jaclyn Jaeger has more.
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State Street to pay $382 million for foreign currency exchange fraud
State Street Bank and Trust Company has agreed to pay a total of $382.4 million to the United States to resolve allegations that it deceived some of its custody clients when providing them with indirect foreign currency exchange (FX) services. Jaclyn Jaeger reports.
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Frank’s International launches bribery probe
Frank’s International, a Netherland’s-based oil and gas company, said in a filing with the SEC that it is conducting an internal investigation into operations of certain of its foreign subsidiaries in West Africa including possible violations of the U.S. Foreign Corrupt Practices Act, the company’s policies and other applicable laws. ...
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Johnson Controls to pay $14.4 million to SEC in FCPA case
Johnson Controls has entered into a $14.4 million settlement with the SEC to resolve violations of the books and records and internal controls provisions of the FCPA with respect to its China Marine operations. JCI’s quick response, however, resulted in a declination with the Justice Department.
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ArticleAssessing antitrust risk in M&A transactions
Top officials at the Department of Justice and Federal Trade Commission have announced their intention to focus heavily on M&A antitrust enforcement, at a time when merger activity is skyrocketing. Jaclyn Jaeger explores how the agencies plan to tackle some of the larger, more complex deals ahead.
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Patrick Stokes joins Gibson Dunn
Former federal prosecutor Patrick Stokes will join the law firm Gibson, Dunn & Crutcher as a partner in its Washington, D.C. office. Stokes most recently served as Senior Deputy Chief of the Fraud Section of the Criminal Division at the U.S. Department of Justice.
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False Claims Act penalties to double
Federal contractors, beware: False Claims Act penalties will nearly double, effective Aug. 1. The increase in penalties is especially relevant to healthcare providers, government contractors and others that conduct business with the government. Jaclyn Jaeger has more.
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Volkswagen could spend $14.7 billion for cheating emissions tests
In two related settlements—one with the United States and the State of California, and one with the Federal Trade Commission—German automaker Volkswagen and related entities have agreed to spend up to $14.7 billion to settle allegations of cheating emissions tests and deceiving customers, the Department of Justice said. Jaclyn Jaeger ...
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Analogic resolves FCPA case for $15 million
Analogic, a medical-imaging technology provider, and BK Medical ApS, Analogic’s wholly-owned Danish subsidiary, have reached separate settlements with the Securities and Exchange Commission and the Department of Justice to resolve a Foreign Corrupt Practices Act case totaling payments of nearly $15 million. Jaclyn Jaeger reports.
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Justice Department: Biomet violated deferred prosecution agreement
The Department of Justice said in a court filing this month that it has determined that Biomet breached the terms of a deferred prosecution agreement that the medical device maker entered into with the government in 2012. Jaclyn Jaeger reports.
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David Gelfand returns to Cleary Gottlieb
David Gelfand, formerly the Deputy Assistant Attorney General for Litigation of the Antitrust Division of the Department of Justice, will return to the law firm Cleary Gottlieb Steen & Hamilton as a partner in July.
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Akamai Technologies dodges FCPA charges
A letter sent by the Department of Justice to Akamai Technologies reveals that the cloud services provider will not face an enforcement action in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. It is the second declination this week issued under the new ...
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Nortek dodges FCPA enforcement action
Nortek said yesterday in a securities filing that the Department of Justice has decided not to recommend an enforcement action against it in connection with a previously disclosed investigation into potential violations of the Foreign Corrupt Practices Act. The declination came in the same week that the company entered into ...