Entries in ABB (42)
We haven't had to update our list of corporate FCPA cases with the biggest disgorgements since March 2011. But now we do, thanks to Pfizer.
By all accounts, Walmart's appetite for growth in Mexico was insatiable. The drive to dominate the retail market there, according to the New York Times, allegedly led the company to pay $24 million in bribes to fast track store permits.
The government's primary witness against former ABB manager John O'Shea won't serve any more jail time for conspiracy to violate the FCPA.
Here's what Judge Lynn Hughes said when he ruled in favor of John O'Shea's motion to dismiss all the substantive FCPA counts against him.
Jury selection in John O'Shea's trial is scheduled to start on January 11.
The SEC's Office of the Whistleblower (yes, it's real) published its first list of enforcement actions that might be eligible for whistleblower rewards. It includes FCPA-related cases.
With yesterday's $218.8 million criminal fine, JGC joins the top ten FCPA cases of all time. Nine now involved non-U.S. companies, and the oldest -- Siemens from December 2008 -- is still the biggest.
In Los Angeles this week, the trial of Lindsey Manufacturing, Dr. Keith Lindsey, Steve K. Lee, and Angela Aguilar opened in federal court. On Friday, they lost their motion to dismiss the case when the judge ruled that officers of the Mexican electric utility CFE, who the defendants allegedly bribed, aren't foreign officials under the FCPA.
There's been a lot of talk lately about the DOJ's "expansive enforcement practices," and practically none about the SEC's. So let's get started by taking a look at a remedy the SEC uses in most FCPA cases: disgorgement.