At least seven officials in Latvia, including members from the Riga city council, will be prosecuted for taking bribes from German vehicle-maker Daimler AG in return for public transport contracts.
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For most of us, December means giant year-end bonuses, moving to bigger houses, and getaways to the Turks and Caicos. No, that's not true.
The blogs spoke loudly in an article by Leslie Wayne in the New York Times that recently highlighted FCPA enforcement against foreign companies.
Nearly half of Vietnam’s companies said they have had to bribe officials in order to do business, according to a survey released last month by the Vietnam Chamber of Commerce and Industry.
Since we first listed the top ten FCPA disgorgements a year ago, two new companies joined the list -- Johnson & Johnson and Magyar Telekom. They replaced GE and Baker Hughes.
Another group of defendants went on trial this week in federal court in the Africa sting case.
What law firms and lawyers represented the companies from our list of the top ten corproate FCPA settlements of all time?
In February, Tyson Foods settled FCPA offenses with the DOJ and the SEC for $5.2 million. The offenses related to illegal payments by company representatives to government-employed inspection veterinarians in Mexico, and a cover-up of the payments.
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.
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.