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FCPA Blog Daily News

Entries in Declinations (67)

Thursday
Feb212013

Nabors wins declination

Oil services firm Nabors Industries Ltd. said Wednesday the DOJ won't bring an FCPA enforcement action after an investigation first launched more than five years ago.

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Wednesday
Feb202013

Declination for 3M

In its annual report filed with the SEC on February 14, Minnesota-based 3M Company said the DOJ and SEC won't bring an FCPA enforcement action following an internal investigation into allegations of bid rigging and bribery by a subsidiary in Turkey.

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Thursday
Jan242013

Final count for 2012 declinations

In the prior post, I explained why a broad definition of 'declinations' is needed to overcome a lack transparency by the DOJ and SEC when tracking agency decisions conclude FCPA investigations without pursuing enforcement actions.

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Tuesday
Jan222013

Revisiting the Definition of 'Declinations'

In a recent post, the FCPA Professor questioned the broad application of the label “declination” to any instance of FCPA scrutiny that does not result in an FCPA enforcement action.

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Friday
Dec282012

The top five FCPA stories of 2012

1. Allegations against Wal-Mart -- Just when the debate about FCPA reform was heating up, the New York Times reported that Wal-Mart may have paid $24 million in bribes to Mexican officials to grow the business. The story showed why the FCPA is important. And it derailed the Chamber of Commerce's campaign to narrow the law and restrict the DOJ's enforcement of it.

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Thursday
Dec272012

2012: The year in declinations

FCPA declinations -- decisions not to prosecute a company after an investigation -- are hard to track.

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Friday
Dec072012

Spanish pharma wins DOJ declination

In an SEC filing this week, Spanish pharmaceutical firm Grifols SA said the DOJ issued an 'official declination to all inquiries related to the possible violation of the Foreign Corrupt Practices Act (FCPA) that were underway since July 2009.'

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Wednesday
Nov282012

What happens after you click 'send'?

Nothing in the past 50 years has changed the way businesses and individuals communicate more than email, and new technologies are now transforming email into a powerhouse for compliance programs.

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Tuesday
Nov062012

SEC declination for Nabors

Oil services firm Nabors Industries Ltd. was a customer of Panalpina but not among the six that settled FCPA cases on the same historic day in November 2010.

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Monday
Nov052012

After China investigation, Grainger wins DOJ declination

Industrial supplier W.W. Grainger, Inc. said last week the DOJ won't prosecute the company for giving pre-paid gift cards to some customers in China.

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Thursday
Aug162012

Peterson Sentenced To Nine Months

Morgan Stanley's former managing director for real estate in China was sentenced Thursday to nine months in federal prison.

Garth Peterson, 43, pleaded guilty in April to a one-count criminal information

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Tuesday
Aug142012

Double Declination For Hercules Offshore

Houston-based Hercules Offshore, Inc., an oil and gas services contractor that provides drilling, barge and boat services, said in an SEC filing last week that following investigations, both the SEC and DOJ will take no enforcement action for possible FCPA violations.

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