FCPA Compliance and Ethics Report-Episode 30-Interview with the FCPA Professor-Part 2
Condo complaints not in writing?
The controversy around punishment and deterrence of corporate misconduct continues to swirl. As fines increase against companies, it is important to ask the question whether the current enforcement scheme adequately punishes...more
Infosys, an Indian technology outsourcing company, has agreed to pay a fine of $34 million after an extensive investigation by federal prosecutors in Texas. The investigation alleged that the tech giant misused the B-1...more
Earlier this week the Department of Justice (DOJ) announced it had resolved an ongoing Foreign Corrupt Practices Act (FCPA) with German entity Bilfinger SE (Bilfinger). This case involved the same background facts and events...more
On December 4, the European Commission announced that it had fined eight international banks a total of more than 1.7 billion for their participation in illegal cartels in markets for financial derivatives covering the...more
This episode 30 is Part 2 of my interview with the FCPA Professor. ...more
On November 26, the DOJ announced that Weatherford International—a multinational oil services company—and certain of its subsidiaries agreed to pay approximately $250 million in fines and penalties to resolve FCPA, sanctions,...more
On October 31, 2013, the Alberta Court of Queen’s Bench released the sentencing decision in R. v. XI Technologies Inc., 2013 ABQB 651.
The Court of Queen’s Bench sentenced the employer to a fine of $275,000, inclusive...more
On November 25, 2013, Chief Judge William Haynes filed the latest order in Genesco v. Visa, Civ. No. 3:13-cv-00202 (M.D. Tenn.). In his one-line order, Judge Haynes denied Genesco’s motion for partial summary judgment...more
- Both the U.S. House and Senate are floating proposals to close a loophole that allows tax deductions when there is a question of whether a fine is punitive.
- Debate centers on whether the deduction...more
Most organizations in Ontario that have at least one employee and provide goods, services or facilities are required to comply with certain requirements under the Accessibility for Ontarians with Disabilities Act (AODA) and...more
It would be old news already if the case had not garnered so many superlatives. One of the country’s most famous hedge fund managers. The largest insider trading investigation in history. The biggest fine ever, $1.8...more
In This Issue:
- The true cost of fines: Bills would address tax break for corporate fines
- Senate approves new protection for criminal antitrust whistleblowers
- Justice Department sinks ex-Navy...more
On November 14, 2013, members of the Senate Committee on the Judiciary, Subcommittee on Antitrust, Competition Policy and Consumer Rights heard arguments regarding the effectiveness of current cartel prosecution and...more
Snapshots of both big picture and meaningful small-scale developments in the world of immigration.
This month: a technology giant's hefty immigration fine and its implications, an improved interactive website for...more
SAC Capital Advisors pleaded guilty last Friday to securities fraud claims brought by the U.S. Attorney in Manhattan. If approved, the deal would require SAC to pay a $1.2 billion penalty, including a $900 million criminal...more
Illinois wage laws like the Illinois Minimum Wage Law (IMWL) and One Day Rest in Seven Act (ODRISA) require employers to maintain certain records for each employee, such as time records of hours worked, records showing the...more
The U.S. Department of Education recently informed Lincoln University, located in Jefferson City, Missouri, that it intends to fine the university $275,000 because it did not comply with the requirements of the Jeanne Clery...more
On November 6, 2013, the U.S. Environmental Protection Agency (EPA) published a final rule in the Federal Register raising the maximum penalties that the agency can impose for certain violations of environmental laws....more
We previously reported that Italian videolottery operators had been offered with the option to settle the massive fines issued against them through the payment of 20% of their value. The term for the payment expired and it...more
Many people see white-collar crime as victimless. But a single act of fraud can destroy many lives. Both state and federal governments punish offenders harshly in hopes of deterring others from similar behavior. Depending on...more
This week, the DOJ announced that J&J has agreed to pay over $2.2 billion in civil and criminal fines in one of the nation’s largest ever health care fraud settlements. As part of the resolution, J&J subsidiary Jannsen will...more
On October 24, 2013, the CFTC Enforcement Division announced its 2013 fiscal year results – 82 filed enforcement actions and record fines of $1.7 billion ($1.5 billion in civil penalties and $200 million in restitution and...more
For the first time ever, a fine issued by the UK Information Commissioner’s Office (“ICO”) has been overturned on appeal. On 21 August 2013, the UK Information Rights Tribunal (“Tribunal”) handed down its preliminary decision...more
In early July 2013, Baxano Surgical Inc., formerly known as TranS1 Inc., agreed to pay $6 million to settle charges that it encouraged doctors to overcharge Medicare and other federal health programs and paid kickbacks to...more
On 8 October 2013, the European Commission (Commission) issued updated guidance for companies that make oral statements when cooperating with the Commission in a cartel investigation....more