On Friday, March 27, President Donald J. Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). Along with substantial economic relief, the CARES Act establishes a new Office of the...more
4/2/2020
/ Anti-Corruption ,
Audits ,
CARES Act ,
Congressional Oversight ,
Coronavirus/COVID-19 ,
Criminal Prosecution ,
Enforcement Actions ,
False Claims Act (FCA) ,
Fraud Abuse and Waste ,
Government Investigations ,
Inspector General ,
SIGPR ,
TARP
On March 20 and 21, 2020, New York Governor Andrew M. Cuomo signed Executive Orders 202.8 and 202.9 as part of a series of executive orders attempting to stem the damage brought about by the coronavirus health crisis....more
3/24/2020
/ Banks ,
Credit Cards ,
Eviction ,
Executive Orders ,
Financial Distress ,
Forbearance Agreements ,
Governor Cuomo ,
Late Fees ,
Loans ,
Moratorium ,
Mortgages ,
Non-Essential Businesses ,
Overdraft Fees ,
Remote Working ,
Shareholder Meetings ,
Suspensions ,
Tolling
Brazilian authorities are investigating foreign and local banks for failure to prevent money-laundering transactions that would have led to bribery of officials of Petrobras, Brazil’s state-owned oil company. According to the...more
Corruption and bribery have run rampant throughout Mexico for years. However, recent developments and policy changes of the new administration indicate that the days of doing business through bribery and graft are over....more
6/20/2019
/ Arrest ,
Arrest Warrants ,
Bribery ,
Compliance ,
Construction Contracts ,
Corporate Counsel ,
Corruption ,
Criminal Investigations ,
Criminal Prosecution ,
Energy Sector ,
Government Officials ,
Investors ,
Mexico ,
President Obrador ,
Presidential Elections
When a public company resolves a Foreign Corrupt Practices Act (FCPA) investigation by either the U.S. Department of Justice (DOJ) or Securities and Exchange Commission (SEC), private litigation by investors under the...more
4/17/2018
/ Bribery ,
Class Action ,
Criminal Penalties ,
Deferred Prosecution Agreements ,
Department of Justice (DOJ) ,
Disgorgement ,
Dismissal With Prejudice ,
Foreign Corrupt Practices Act (FCPA) ,
Material Disclosures ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Securities Litigation ,
Shareholder Litigation ,
Subsequent Litigation
A self-driving car operated by Uber Technologies Inc. (Uber) struck and killed a pedestrian in Tempe, Arizona last month. The incident has led policymakers to revisit concerns over autonomous vehicle (AV) regulations where...more
In a development with potentially far-reaching consequences for white collar enforcement, the U.S. Department of Justice (DOJ) Criminal Division has expanded the opportunity for companies to earn credit for voluntary...more
3/8/2018
/ Cooperation ,
Corporate Counsel ,
Criminal Investigations ,
Department of Justice (DOJ) ,
Enforcement Actions ,
FCPA Corporate Enforcement Policy (CEP) ,
Foreign Corrupt Practices Act (FCPA) ,
New Guidance ,
Non-Prosecution Agreements ,
Trump Administration ,
Voluntary Disclosure ,
White Collar Crimes ,
Yates Memorandum
A U.S. federal district court, on February 20, 2018, declined to dismiss class plaintiffs’ civil RICO claim against GM and a major automotive supplier, where plaintiffs alleged that GM and the supplier conspired to defraud...more
3/7/2018
/ Automotive Industry ,
Carbon Emissions ,
Civil Conspiracy ,
Civil Liability ,
Class Action ,
Diesel Fuel ,
Environmental Violations ,
Failure To State A Claim ,
False Advertising ,
Fraud ,
General Motors ,
Mail Fraud ,
Manufacturers ,
Misrepresentation ,
Motion to Dismiss ,
National Emissions Standards ,
Omissions ,
Racketeering ,
RICO ,
Standing ,
Suppliers ,
Wire Fraud
The Financial Crimes Enforcement Network (FinCEN) released an advisory on September 20, 2017, to alert financial institutions of widespread public corruption in Venezuela and the methods Venezuelan senior political figures...more
9/28/2017
/ Anti-Money Laundering ,
Banks ,
BSA/AML ,
Corruption ,
Due Diligence ,
Federal Contractors ,
Financial Institutions ,
FinCEN ,
Foreign Official ,
Government Officials ,
Patriot Act ,
Public Officials ,
Suspicious Activity Reports (SARs) ,
Venezuela
The U.S. Department of Transportation released new federal guidance for Automated Driving Systems (ADSs) on September 12, 2017. The new Voluntary Guidance—titled “Automated Driving Systems 2.0: A Vision for Safety”—replaces...more
9/19/2017
/ Automotive Industry ,
Data Recording ,
Department of Transportation (DOT) ,
Driverless Cars ,
Federal Automated Vehicles Policy ,
New Guidance ,
NHTSA ,
Proposed Legislation ,
Regulatory Burden ,
Regulatory Oversight ,
Safety Standards ,
Self-Evaluations ,
Technology ,
Voluntary Compliance
The Goodyear Tire & Rubber Company (“Goodyear”), one of the world’s largest tire companies, reached a significant settlement with the U.S. Securities & Exchange Commission (“SEC”) in connection with charges that two of its...more
Predicting enforcement of the final rule regarding U.S. risk retention is an uncertain task. This OnPoint is designed to provide guidance on possibilities related to consequences of non-compliance, enforcement approaches by...more
Two of the largest subprime auto-lenders disclosed last week that they have received subpoenas from the U.S. Department of Justice (DOJ). The U.S. Attorney’s Office for the Southern District of New York is leading an...more