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Entries in Legg Mason (6)


15 companies disclose new FCPA investigations

So far in 2018, 15 companies have disclosed new FCPA-related investigations. That means the pace of disclosure has slowed from the past couple of years.

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Scott Shaffer: Due diligence isn't nice to have, it's a must have

After reviewing the FCPA Blog's post, “When do issuers disclose their FCPA problems?” which focused  on the seven resolved FCPA cases during the first half of 2018, I also examined each of the enforcement actions with a specific goal of determining the impact of due diligence in these cases.

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SEC completes Legg Mason FCPA enforcement action

The Securities and Exchange Commission issued an administrative order Monday that completed the feds' earlier $64 million FCPA enforcement action against investment manager Legg Mason Inc.

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Legg Mason resolves Libya-related FCPA charges for $64 million

Legg Mason Inc., a Maryland-based investment management firm, settled FCPA violations in Libya caused by its partner Société Générale S.A., by agreeing Monday to pay $64.2 million in penalties and disgorgement.

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SocGen pays $585 million to resolve Libya FCPA offenses

In the first coordinated enforcement action by the DOJ and French authorities in an overseas corruption case, a Paris-based bank agreed Monday to settle charges that it paid over $90 million in bribes to officials in Libya during the Qaddafi regime.

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Legg Mason reserves $67 million for FCPA settlement

Fund manager Legg Mason, Inc. said Wednesday it expects a settlement soon of a Foreign Corrupt Practices Act investigation into a unit that managed money for the Libyan government.

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