Entries in Restitution (7)
Garth Peterson's limited assets and potential obligations to Morgan Stanley might have prevented his global settlement with the DOJ and SEC.
Jack Stanley paid his former employer Kellogg, Brown & Root LLC $9.25 million last week as partial restitution for kickbacks he took when he ran the company.
At a hearing in federal court in Miami yesterday, Judge Marcia G. Cooke made a finding that Costa Rica's Instituto Costarricense de Electricidad S.A. (ICE) was not a victim of Alcatel-Lucent's bribery, and not entitled to restitution.
The DOJ and Alcatel-Lucent this week responded to the petition filed by Costa Rica's Instituto Costarricense de Electricidad, S.A. (ICE) for victim's status and restitution.
As readers of the FCPA Blog know, the past few years have seen a dramatic rise in FCPA prosecutions. In 2010 alone, companies settling FCPA-related charges paid $1.8 billion in monetary penalties, nearly tripling the $641 million paid in 2009.
A government-owned company that awarded Alcatel-Lucent more than $300 in bribe-tainted contracts has asked a federal court in Florida to block Alcatel's FCPA settlement with the U.S. government, saying the terms violate a federal victim's rights law.