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Entries in Alcoa (46)

Thursday
Apr102014

Correction: H-P disgorgement is 11th biggest

Hewlett-Packard's $108 million settlement this week didn't quite make our list of the top ten FCPA cases of all time. But with a disgorgement to the SEC of $26.4 million, H-P landed eleventh on the list of the biggest FCPA disgorgements.

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Tuesday
Apr012014

Enforcement Report for Q1 '14

It was a busy three months for FCPA and related enforcement. Alcoa and a subsidiary landed 5th on the FCPA top ten list with a $384 million settlement. And Japan's Marubeni made the enforcement report for the second time in just over two years.

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Thursday
Feb272014

Parental controls: Anti-corruption compliance programs for joint ventures, subsidiaries and franchisees (Part 8)

Over the course of the prior posts in this series, we examined various approaches to what we call "parental controls," meaning compliance measures aimed at joint ventures and other affiliated entities that a company might employ. In this final post, we will review a few FCPA prosecutions to issue a note of caution.

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Tuesday
Jan282014

Akin Gump faces UK sanctions hearing for possible 'misconduct,' Dahdaleh lawyers say

Victor Dahdaleh, 70, wants a U.S. judge to toss Alba's civil racketering case against him.Lawyers for billionaire Victor Dahdaleh from Washington, D.C. litigation powerhouse Williams & Connolly have struck back at Bahrain's Alba and its American attorneys.

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Thursday
Jan232014

Alcoa discloses payment terms of $384 million FCPA settlement

Image courtesy of AlbaHere's Alcoa's disclosure from its Form 8-K filed with the SEC on January 10 about the FCPA enforcement action that landed 5th on our Top Ten list:

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Wednesday
Jan152014

Siemens says Brazil's anti-corruption law could backfire

Munich-based Siemens, the focus of an ongoing bribery probe in Brazil, is questioning if a new anti-corruption law that will take effect in Brazil on January 28 will work as intended. The company says the law could actually encourage graft among the very persons charged with enforcing it.

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Friday
Jan102014

Alcoa disgorgement is third biggest in FCPA history 

As part of its $354 million settlement this week, Alcoa agreed to pay the third biggest disgorgement in FCPA history -- $161 million.

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Friday
Jan102014

Alcoa lands 5th on our Top Ten list

Thursday's $384 million enforcement action against Alcoa and one of its subsidiaries ranks 5th on our list of the Top Ten FCPA cases of all time.

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Thursday
Jan092014

Alcoa settles FCPA charge, pays $384 million to DOJ, SEC

A unit of Alcoa agreed to plead guilty Thursday in the Western District of Pennsylvania to one count of violating the anti-bribery provisions of the FCPA with a 2004 corrupt transaction. Alcoa World Alumina LLC, a majority-owned subsidiary, will pay a criminal fine of $209 million and forfeit $14 million to settle the DOJ’s charges. Alcoa Inc., the corporate parent, also agreed to resolve civil charges brought by the Securities and Exchange Commission by disgorging $161 million.

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Tuesday
Dec102013

Dahdaleh prosecution collapses, key witnesses from Akin Gump refuse to testify

The London trial of former Alcoa super-agent Victor Dahdaleh ended Tuesday in a complete acquittal after two witnesses from a U.S. law firm involved in the investigation refused to testify and another witness changed his evidence, dealing a huge blow to the already embattled U.K. Serious Fraud Office.

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