In This Issue:

- SEC Charges Municipal Bond Issuer with Securities Fraud for Misleading Statements on Issuer’s Website

- State v. Brown Affords Managers in the Mortgage Processing Industry a Cautionary Tale

- Second Highest Penalty in FCPA History Comes with a Caution from the Bench about the Limits of the Act’s Jurisdiction

- Novel Trademark Counterfeiting Count Nixed

- Health Care Fraud Conviction Stands Despite Vague Standards of Care

- Excerpt from SEC Charges Municipal Bond Issuer with Securities Fraud for Misleading Statements on Issuer’s Website:

For the first time, the Securities and Exchange Commission has charged a municipality with securities fraud for misleading statements made outside of the municipality’s securities disclosure documents.