Off to the Races in 2012: DOJ’s Fast Start in FCPA Enforcement

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Talk about seeing the forest from the trees – during the same week that Judge Hughes granted the defense motion for judgment of acquittal in the O’Shea case, the Justice Department announced a $56 million settlement in the Marubeni case, and Biomet disclosed it was planning on an FCPA settlement in the $30 million range. Late last year, two major companies announced they were close to significant criminal settlements in major cases.

The number one trend/prediction for 2012 looks like it is coming to fruition – DOJ is back to collecting major criminal fines from corporations. It looks like the Justice Department is off to a fast start.

There will be more twists and turns in the coming months – expect a wiretap case and expect a huge criminal fine settlement in a high profile case. But DOJ’s criminal fines collections for FCPA violations will continue to ramp up, especially in comparison to 2011.

Please see full article below for more information.

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Published In: Administrative Agency Updates, Business Organization Updates, General Business Updates, Criminal Law Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Michael Volkov, The Volkov Law Group | Attorney Advertising

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