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FCPA Blog Daily News

Entries in Successor Liability (32)

Monday
Dec112017

Jerry Hansen: What about due diligence for domestic M&A?

Anti-bribery and corruption due diligence should be conducted on cross-border transactions. The prospect of successor liability alone makes performing such due diligence a requirement for corporate acquirers answering to boards and shareholders, and private equity funds answering to investors.

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Monday
Jan092017

Mondelēz pays $13 million to settle FCPA charges

Mondelēz International, Inc. agreed Friday to pay $13 million to resolve FCPA offenses related to payments by its Cadbury unit in India.

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Tuesday
Mar152016

Chemical maker discloses FCPA investigation for West Africa payments

Platform Specialty Products Corporation said in an SEC filing Friday that it is conducting a foreign bribery investigation of third-party payments in West Africa.

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Monday
Feb222016

SEC staff recommends FCPA enforcement action against Oreo maker Mondelēz International

Mondelēz International, Inc. said in a securities filing Friday that it received a Wells notice from the SEC in connection with operations in India and a factory there it bought from Cadbury.

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Thursday
Jun112015

Russia considers imposing criminal liability on legal entities

The lower house of Russia's national legislature -- the State Duma -- has been considering draft amendments to the law on the criminal liability of a legal entity.

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Monday
Nov172014

DOJ: Successor liability doesn't turn all bribes into FCPA violations

In the DOJ's second FCPA opinion procedure release of the year, the agency restated some important boundaries around successor liability.

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Wednesday
Oct012014

SEC ends Dialogic probe that was based on successor liabilty

Milpitas, California-based Dialogic Inc. said in August that the SEC had ended an informal investigation of potential FCPA violations by a company Dialogic acquired in 2010 and won't take any enforcement action.

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Tuesday
Apr302013

Brazil anti-corruption bill moves forward, sort of

A key vote has occurred in the Brazilian legislature on its anti-corruption bill, the Clean Company Act. And anti-corruption advocates may deem it only a partial success.

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Friday
Dec282012

The top five FCPA stories of 2012

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.

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Tuesday
Nov202012

Successor liability hounds Dialogic

In June 2010, a California-based VOiP company called Veraz Networks, Inc. paid $300,000 to settle SEC charges that it violated the FCPA's books and records and internal controls provisions by making illegal payments to foreign officials in China and Vietnam.

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Thursday
Nov152012

Hitting the highpoints with the DOJ

Gifts, travel and entertainment, foreign officials, successor liability, and effective compliance programs.

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Wednesday
Nov142012

What's really inside the new guidance?

Just over a year after Assistant Attorney General Lanny A. Breuer first announced plans to issue “detailed new guidance on the [FCPA’s] criminal and civil enforcement provisions,” the Department of Justice (“DOJ”) and the U.S. Securities and Exchange Commission (“SEC”) today jointly issued this long-awaited formal guidance entitled A Resource Guide to the U.S. Foreign Corrupt Practices Act (“the Guide”).

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