All FCPA articles – Page 20
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Blog
Former Assistant U.S. Attorney joins Hinshaw & Culbertson
The U.S. law firm of Hinshaw & Culbertson has named Kenneth Yeadon, Previously an Assistant U.S. Attorney for the Northern District of Illinois and a senior attorney with the Securities and Exchange Commission’s Division of Enforcement, as a partner in the Chicago office.
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Blog
Hosted hunting trips in Sweden and Texas
Tom Fox explores the ethical implications of hosted hunting trips and specifically the case of Fredrik Lundberg, chairman of Sweden-based Industrivarden, and Anders Borg, the former finance minister of that country, who was given just such a trip by Lundberg.
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Blog
Two former Och-Ziff executives charged with FCPA violations
The Securities and Exchange Commission last week charged two former executives at Och-Ziff Capital Management Group with being the driving forces behind a far-reaching bribery scheme that violated the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Anything of value really means anything
Tom Fox explores recent cases that fall under the FCPA “anything of value” standard, including JPMorgan Chase, Rolls-Royce, VimpelCom, and Qualcomm.
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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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Orthofix to pay $15M for accounting failures and FCPA violations
Medical-device company Orthofix International has agreed to admit wrongdoing and pay more than $14 million to settle SEC charges that it improperly booked revenue in certain instances and made improper payments to doctors at government-owned hospitals in Brazil in order to increase sales. 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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Blog
How General Cable’s FCPA mess looks to the past and the future
General Cable’s sprawling FCPA enforcement action seemed to go everywhere at once. Tom Fox explains.
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Article
Debating ‘anything of value’ under the FCPA
Are U.S. enforcement agencies interpreting the term “anything of value” under the FCPA too broadly? Jaclyn Jaeger explores both sides of the debate.
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Blog
Wither the attorney-client privilege?
Attorney-client privilege is once again under siege, writes Tom Fox—this time in a lawsuit being brought by the former general counsel of Bio-Rad, Sanford Wadler, who is suing his former employer for wrongful termination.
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Blog
Zimmer Biomet to pay $30M to resolve FCPA violations
Medical-device maker Zimmer Biomet Holdings has agreed to pay more than $30 million to resolve parallel SEC and Department of Justice investigations into the company’s repeat violations of the Foreign Corrupt Practices Act. Jaclyn Jaeger reports.
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Article
Anti-corruption compliance lessons from Teva’s FCPA case
Teva Pharmaceuticals conducted bribery on a massive, international scale and became a case study for FCPA watchers everywhere. Jaclyn Jaeger reports.
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Greek authorities raid Novartis offices in bribery probe
Novartis is facing a fresh bribery probe, this time in Greece, where authorities there have raided the company’s offices searching for electronic documents and files. Jaclyn Jaeger reports.
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Blog
General Cable to pay $76M in FCPA case
General Cable today agreed to pay a combined $76 million to resolve parallel investigations with the SEC and Department of Justice related to violations of the Foreign Corrupt Practices Act. The company agreed to pay an additional $6.5 million penalty to the SEC to settle separate accounting-related violations. Jaclyn Jaeger ...
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Blog
Odebrecht-US leads a massive global corruption settlement
The Odebrecht and Braskem global corruption settlements portend a new level of international cooperation in both investigation and enforcement.
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Blog
Laureate Education launches FCPA probe into charitable donation
Laureate Education, a for-profit higher education institution, said that it is conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act concerning an $18 million donation that one of its network institutions made in Turkey to a charitable foundation. Jaclyn Jaeger has more.
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Blog
Compliance has become the heart of the business
Compliance has taken center stage in investors' eyes according to Tom Fox. Large institutional investors are beginning to evaluate companies by considering a mix of metrics, such as regulatory warnings, tangential civil lawsuit, and social responsibility. Fox has more.
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Blog
How JPMorgan Chase avoided prosecution over ‘Sons and Daughters’
At one time, it looked like JPMorgan Chase had landed in fairly hot water with its ‘Sons and Daughters’ bribery scandal. But for every misstep, says Tom Fox, there is a path to freedom.
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Blog
The FCPA and ‘Islands of Honesty’
The Man From FCPA Tom Fox explores a recent article that hopes to answer the question: Why are so many governments around the world collapsing amid corruption scandals?”
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Blog
Under the FCPA, 'anything of value' means precisely that
A recent U.S. Supreme Court decision makes it very clear that when it comes to issues of potential bribery, absolutely anything that could be considered as having value is fair game as a potential agent of corruption. Tom Fox reports.