News
February 22, 2012
Politico |
February 22, 2012
After a series of courtroom setbacks, the Justice Department has given up on further prosecution in a foreign-bribery sting targeting military and security contractors.
Reuters |
February 22, 2012
U.S. corporations asked the government to explain what it considers a bribe of a foreign official, saying the lack of clarity has had a chilling effect on business. The Chamber of Commerce and dozens of other trade groups wrote a letter Tuesday to law enforcement officials laying out the guidance they want regarding the Foreign Corrupt Practices Act, which bars such bribes.
Wall Street Journal Corruption Currents |
February 22, 2012
The Chamber of Commerce in Washington on February 6, 2012.The U.S. Chamber of Commerce amplified its efforts to amend a foreign bribery law Tuesday, sending a letter signed by more than 30 trade associations to the Department of Justice and the Securities and Exchange Commission requesting “authoritative guidance” on the law.
BLT: The Blog of the Legal Times |
February 22, 2012
A Washington federal judge this afternoon dismissed a high-profile foreign bribery prosecution as he questioned the government’s litigation tactics and legal theories underpinning the case.
Reuters |
February 22, 2012
The U.S. Justice Department has closed its investigation into whether Allianz SE (ALVG.DE) violated a foreign bribery law through its insurance business in Indonesia and does not plan to bring charges, according to a letter reviewed on Tuesday by Reuters.
International Business Times |
February 22, 2012
As the Department of Justice Tuesday abandoned a large-scale foreign bribery case, the U.S. Chamber of Commerce pressed corruption watchdogs for guidance on a law prohibiting American companies from paying off foreign government officials.
Am Law Litigation Daily |
February 22, 2012
It's no secret that federal prosecutors have shown the Foreign Corrupt Practices Act to be a powerful weapon for combating overseas bribery and winning big settlements over the past few years. After a string of convictions under the law three years ago, Justice Department criminal division chief Lanny Breuer called 2009 "the year of the FCPA trial." Over the past year prosecutors have tried a record number of FCPA cases, but it's turned out to be a winter of FCPA trial failures.
USA Today |
February 22, 2012
After two hung juries, the Obama administration has dropped charges against 16 U.S. businessmen, including a former Secret Service agent and a Smith & Wesson executive, who were arrested in a sting operation to catch alleged bribery of foreign officials.
Corporate Counsel |
February 22, 2012
As companies in the U.S. work to comply with laws such as the Foreign Corrupt Practices Act (FCPA), they often conduct internal investigations that rely, in part, on collecting information from employees, such as documents and emails. It’s all perfectly legal in the U.S., but it can quickly lead to potential conflict when in-house lawyers also have to navigate European Union regulations on data protection—laws that guard employee privacy, even for information stored on company computers and servers.
Wall Street Journal |
February 22, 2012
U.S. government regulators haven't done enough to limit the more than $100 million in legal fees that Fannie Mae and Freddie Mac are paying on behalf of executives who departed in accounting scandals, a federal watchdog said.
