Episode 116 -- Alstom Executive Convicted of FCPA and Money Laundering Offenses
Potential for Vicarious Liability Under the Graves Amendment
FCPA Compliance and Ethics Report-Episode 122-with Matt Kelly on Alstom, Avon and Petrobras
FCPA Compliance and Ethics Report-Episode 118-the Alstom FCPA Enforcement Action
FCPA Compliance and Ethics Report-Episode 117-the Avon FCPA Enforcement Action
Cross-Border Update on Investing and Doing Business in the United States
The M&A Word of the Day® from the Book of Jargon® – Global Mergers & Acquisitions Is Carve-Out Transaction
On January 29, 2026, U.S. District Judge W. Scott Hardy of the Western District of Pennsylvania (W.D. Pa.) unsealed his January 8, 2026, opinion dismissing price-fixing claims against two foreign corporations for lack of...more
The Stark Law generally prohibits a physician from referring Medicare patients for certain designated health services (DHS) to an entity with which the physician (or an immediate family member) has a financial relationship....more
Welcome to Distressed Debt Legal Insights, Ropes & Gray’s source of timely insights for professionals navigating the complex world of liability management and special situations finance. In this issue we discuss the first...more
In a notable departure from past practice, the Federal Trade Commission (FTC) filed suit in federal district court on December 15, 2025, to permanently enjoin Henkel AG & Co. KGaA and its subsidiaries (Henkel) from acquiring...more
In this third installment of Season's Readings, we button up our winter jackets and examine the transformative Year of Enforcement that was 2025. The past year has been one of significant transition at the SEC, with new...more
On December 17, 2025, the California Privacy Protection Agency ("CalPrivacy") issued Enforcement Advisory No. 2025-01, providing guidance on revised data broker registration requirements related to trade names, websites, and...more
Asset-based transportation is a high-risk high-capital business. Every operator is well aware of the potential nuclear verdict risk for casualty incidents. Every operator is also well aware of every penny invested in growing...more
This note describes in outline the laws and taxes which currently apply to a foreign corporation establishing a business operation in the United Kingdom and the administrative requirements which need to be observed once the...more
Two themes of the November 4, 2025 federal budget were the deployment of technology to make government services more cost-effective and the reduction of regulatory red tape that slows private investment. On November 3, 2025,...more
An analysis of the Securities and Exchange Commission’s (SEC’s) enforcement activity in FY 2025 reveals that the SEC initiated 56 actions against public companies and subsidiaries in FY 2025, a decrease of 30% from FY 2024....more
Since 2016, Cornerstone Research and the NYU Pollack Center for Law & Business have collaborated on the Securities Enforcement Empirical Database (SEED) to publish annual publications analyzing trends in SEC enforcement...more
The English High Court has found BHP Group (UK) Limited (the English parent company of global mining group BHP) and other group entities (“BHP”) liable for the collapse of the Fundão Dam in Minas Gerais, Brazil. The dam was...more
93% of FY 2025 actions were filed before the SEC administration change. The U.S. Securities and Exchange Commission (SEC) brought 30% fewer enforcement actions against public companies and subsidiaries in FY 2025 than in FY...more
The Massachusetts Superior Court recently clarified the enforceability of noncompetition agreements by parent companies under the Massachusetts Noncompetition Agreement Act (MNAA), serving a warning to employers in the...more
A Michigan District Court recently found that shared services agreements between parent companies and their subsidiaries made parents potentially liable for environmental claims against their subsidiaries. The court held that...more
On November 3, 2025, Samsung Biologics announced the completion of the spin-off of its investment and subsidiary management business unit, and the establishment of Samsung Epis Holdings, an investment holding company that...more
On September 11, 2025, Judge Debra A. Squires-Lee of the Massachusetts Superior Court held that a parent company cannot enforce a noncompetition provision against the employee of one of its subsidiaries....more
What is the legal framework governing bribery in Spain? The Spanish law that regulates bribery and corruption is the Codigo Penal (Spanish Criminal Code or SCC)....more
Expanding your business into Germany is an exciting milestone, but it comes with its own set of challenges. Germany’s strong economy, central location in Europe, and stable business environment make it an attractive...more
The United States District Court for the Southern District of New York, applying New York law, has held that a subsidiary exclusion barred coverage for a lawsuit alleging fraud in connection with investments in a failed...more
In a decision of first impression that will affect businesses throughout the Commonwealth, the Massachusetts Superior Court ruled that a company cannot enforce a non-compete agreement to prevent a former employee of the...more
On October 9, 2025, the Financial Crimes Enforcement Network (“FinCEN”) issued a renewal of its Geographic Targeting Order (“GTOs”), which require U.S. title insurance companies, including their subsidiaries and agents, to...more
In a notable decision issued August 28, 2025, the New York Supreme Court, Appellate Division, First Department, in Rich v. J.A. Madison, LLC (Index No. 150305/18/Appeal No. 4049/Case No. 2024-05929)1, affirmed a trial court...more
On September 29, 2025, Gedeon Richter Plc. (“Richter”) and Hikma Pharmaceuticals Plc. along with its wholly owned subsidiary Hikma Pharmaceuticals USA Inc. (“Hikma”) announced that the FDA approved their biosimilar denosumab...more
A recent decision in an adversary proceeding in Delaware, arising from the Chapter 7 liquidation of Rosetta Genomics, Inc., serves as a cautionary tale for corporate officers and directors — especially those of parent...more