Did someone say FCPA enforcement had slowed down? Look again.
Entries in Declinations (24)
It was a quiet start to the year, with just one stealth enforcement action by the SEC that didn't mentioned the FCPA by name, and none by the DOJ.
The parent company of Virginia-based DynCorp International Inc. said Wednesday the DOJ won't bring an enforcement action following an investigation into payments by two subcontractors to speed up the issuance of visas and permits.
Following a five-year investigation into the overseas marketing and sales practices of medical device makers, the DOJ and SEC won't bring any FCPA enforcement against one of the targeted companies, Zimmer Holdings Inc.
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.
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.
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.