Last week, in the case Gabelli v. SEC, the U.S. Supreme Court unanimously held that the Securities and Exchange Commission, when seeking a penalty or fine in connection with a civil enforcement action, must file the action within five years of the completion of the alleged fraud or wrongful conduct.
Entries in Statute of Limitations (24)
A federal district court in New York City issued an order Friday denying a motion to dismiss a civil FCPA enforcement action against three executives of Magyar Telekom Plc.
The SEC got the green light this week from a federal judge to charge two former Noble executives with FCPA-related offenses they committed after February 2007.
A German citizen who once ran Siemens' subsidiary in Argentina said in a court filing last week that the U.S. Securities and Exchange Commission has no jurisdiction over him and its civil complaint should be dismissed.
In its disclosure yesterday, Avon provided a glimpse into what it means to be cooperating with the DOJ and SEC.
A former Siemens executive charged by the SEC with violating the Foreign Corrupt Practices Act has reached agreement in principle to settle his case.
How long should the DOJ and SEC keep self reporting companies on the hook?
Here's a comment from Alexander Sierck, the lawyer for SERAP, about a different subject:
How long is the statute of limitations for FCPA offenses?
Last week, John O'Shea asked a federal court in Houston to dismiss the FCPA case against him. He said the government didn't indict him within the statute of limitations period.