All Justice Department articles – Page 7
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Blog
Total to Face New Corruption Charges in France
One year after paying more than $398 million to U.S. prosecutors for violations of the Foreign Corrupt Practices Act, Total S.A. is expected to face new corruption charges, this time in France. In announcing the settlement last year, Acting Assistant Attorney General for the Justice Department’s Criminal Division Mythili Raman ...
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Blog
Caldwell: Advances in Global Anti-Corruption Efforts
Image: Title: CaldwellU.S. regulators increasingly are collaborating with foreign governments to fight bribery and corruption on a global scale, advancing the Justice Department’s efforts to uncover and prosecute violations of the Foreign Corrupt Practices Act. “Every day, more countries join in the battle against transnational bribery,” said Leslie Caldwell, assistant ...
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Article
Antitrust Division to Increase Use of Probation in Enforcement
Image: Title: SnyderThe Antitrust Division of the Department of Justice has signaled a shift in its enforcement approach concerning companies that violate antitrust laws and don’t have effective compliance programs. During two recent speeches, Antitrust officials said they would seek court-supervised probation in such cases. “Conversely, companies that can demonstrate ...
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Blog
Credit Suisse to Pay $2.6 Billion in Tax Plea Deal
Switzerland-based Credit Suisse was sentenced today for conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service. It will pay $2.6 billion to state and federal agencies—$1.1 billion to the Department of Justice and $666.5 million in restitution to ...
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Blog
Justice Department Nets Record $5.7 Billion From False Claims Cases
Image: Title: DeleryThe Department of Justice obtained a record $5.7 billion in recoveries from civil cases involving fraud and false claims against the government in fiscal year 2014, thanks mainly to massive settlements reached in the financial services and healthcare industries. “In the past three years, we have achieved the ...
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Blog
Justice Department Collected $24.7 Billion in Civil and Criminal Cases in 2014
The Department of Justice collected $24.7 billion in civil and criminal actions in the fiscal year ending Sept. 30, 2014, Attorney General Eric Holder announced in a video released today by the agency. That amount is “more than three times the $8 billion total the Department collected in 2013,” Holder ...
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Blog
Justice Department: OK to Buy Foreign Company That Paid Bribes
The Department of Justice has issued a new advisory opinion addressing the unusual situation of how to handle a U.S.-based company that wants to acquire a foreign company found to have paid bribes to government officials prior to the acquisition taking place. In this case, the Justice Department concluded that ...
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Blog
Petrobras Restates Financials Amid Bribery Probe
A corruption probe unfolding against Brazilian state-owned oil company Petrobras took an interesting turn today, when Brazilian federal police carried out a series of raids that resulted in the arrests of eighteen individuals believed to be involved in a widespread money-laundering scheme. In light of the accusations and investigations, Petrobas ...
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Blog
SBM Offshore Enhances Compliance, Pays $240 Million for Bribery
SBM Offshore has reached a $240 million settlement with the Dutch Public Prosecutor’s Office over improper payments to sales agents and foreign government officials. The company initiated an internal investigation, reported the facts to authorities, and fully cooperated in the investigation. Dutch officials also credited SBM Offshore for taking significant ...
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Blog
Banks Fined $4.3 Billion in Foreign-Exchange Probe
In a highly-anticipated series of settlements, regulators from the United Kingdom, United States, and Switzerland today slapped six banks with a total of $4.3 billion in fines to resolve charges that they manipulated the foreign exchange currency-trading market. JPMorgan and Citibank will pay the largest total in fines of $1 ...
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Blog
Getting to Know Attorney General Nominee Lynch
Following President Barack Obama’s nomination this week of Loretta Lynch as the next top chief of the Department of Justice, many in Corporate America may be wondering what the transition will mean for the agency’s enforcement priorities. “She has spent years in the trenches as a prosecutor, aggressively fighting terrorism, ...
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Blog
Former Acting General Counsel for HUD Joins Jenner & Block
Damon Smith, former acting general counsel for the Department of Housing and Urban Development (HUD), has joined the law firm Jenner & Block as a partner in its Washington, D.C. office. Smith will be a member of the Government Controversies and Public Policy Litigation and Real Estate Practices. Details inside.
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Blog
Federal Regulators Probing Subprime Auto Loans
Ally Financial recently became the latest auto-lending company to face a government investigation into its subprime auto lending practices. In the last few months, GM Financial and Santander Consumer USA Holdings have received subpoenas from the Department of Justice for similar practices, raising questions among some as to whether the ...
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Blog
DaVita Healthcare to Pay $350 Million for False Claims Act Violations
DaVita Healthcare Partners, a dialysis services provider, agreed last month to pay $350 million to the Department of Justice to resolve claims that it violated the False Claims Act by paying kickbacks to physicians or physician groups to induce the referral of patients to its dialysis clinics. “This case involved ...
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Blog
Hyundai, Kia Pay Record $100 Million for Misrepresenting Fuel Efficiency
Hyundai Motor America and Kia Motors America agreed this week to pay $100 million—the largest civil penalty ever secured under the Clean Air Act—for making inaccurate representations of their vehicles’ performance and emissions. The auto makers also must implement training and enhanced audit testing of their vehicles to prevent such ...
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Blog
Justice Department Official Stresses Compliance Hallmarks, Failures
Image: Title: MillerYet another Justice Department official is emphasizing the importance of effective compliance programs, this time in the context of avoiding a bribery and corruption probe. In a speech last week, Marshall Miller, principal deputy assistant attorney general for the Criminal Division, said: “The failure to expand compliance programs ...