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US closes FCPA probe into IT company within a year

US closes FCPA probe into IT company within a year

March 16, 2017, Just Anti-Corruption

After self-reporting possible FCPA violations to US authorities around 10 months ago, an information technology company has been told by the DOJ and SEC that the case has been closed without further action.

Boston prosecutor joins DLA Piper

Boston prosecutor joins DLA Piper

March 15, 2017, Just Anti-Corruption

Massachusetts assistant US attorney Eric Christofferson will work in the firm's litigation practice as a partner in its Boston office.

Former BPA owners continue due process fight against FinCEN

Former BPA owners continue due process fight against FinCEN

March 15, 2017, GIR

The family that once owned the now-defunct Banca Privada d’Andorra are calling on the US Treasury Department to investigate FinCEN’s decision to designate the bank as a money-laundering risk.

“Criminal hackers” were employed by Russia to steal Yahoo! customer data, says DOJ

“Criminal hackers” were employed by Russia to steal Yahoo! customer data, says DOJ

March 15, 2017, GIR

Two Russian officials were among four people indicted on 15 March by the Department of Justice for conspiring to hack into Yahoo! networks.

SEC initiates another FCPA inquiry into Cobalt’s Angola dealings

SEC initiates another FCPA inquiry into Cobalt’s Angola dealings

March 15, 2017, Just Anti-Corruption

The US Securities and Exchange Commission has opened an informal inquiry into a contract between Cobalt International Energy and Angola's state-controlled oil company, one month after the DOJ closed a foreign bribery investigation into the Houston-based business.

Bio-Rad launches new attack on former general counsel

Bio-Rad launches new attack on former general counsel

March 14, 2017, Just Anti-Corruption

After losing a wrongful dismissal lawsuit in February, pharmaceutical company Bio-Rad Laboratories has again attacked its ex-general counsel Sanford Wadler, arguing that an investigation into his FCPA allegations proved the former in-house lawyer’s "incompetence".

FCPA Docket: Shareholders go after Walmart for withholding documents

FCPA Docket: Shareholders go after Walmart for withholding documents

March 14, 2017, Just Anti-Corruption

In today’s news, plaintiffs suing Walmart in connection with a foreign bribery investigation say the retailer has defied a production order; and a prominent white-collar lawyer advises companies against rushing a decision on whether to self-report to the DOJ, in light of the recent announcement about the FCPA pilot programme.

DFS introduces new accountability standards in cybersecurity regulations

DFS introduces new accountability standards in cybersecurity regulations

March 14, 2017, GIR

Lawyers say that the New York financial authority’s new rules represent a shift away from views that targets of cyber attacks are victims.

Second Magyar Telekom exec agrees settlement in principle with SEC

Second Magyar Telekom exec agrees settlement in principle with SEC

March 13, 2017, Just Anti-Corruption

Facing a civil trial scheduled for May, the former CEO of Magyar Telekom, Elek Straub, has agreed to settle Foreign Corrupt Practices Act charges with the SEC, subject to confirmation from the commission.

Brooklyn judge rules against Fifa “privilege pact”

Brooklyn judge rules against Fifa “privilege pact”

March 13, 2017, Just Anti-Corruption

A New York federal judge ruled on 10 March against the validity of a common interest agreement between South American soccer association Conmebol and its former president, Juan Angel Napout.

SEC ends investigation of Platform Specialty Products

SEC ends investigation of Platform Specialty Products

March 13, 2017, Just Anti-Corruption

The US Securities and Exchange Commission has closed its foreign bribery investigation into a subsidiary of chemicals production company Platform Specialty Products.

FCPA Docket: Bio-Rad seeks new trial in foreign bribery whistleblower case

FCPA Docket: Bio-Rad seeks new trial in foreign bribery whistleblower case

March 13, 2017, Just Anti-Corruption

In today’s news round-up, Bio-Rad Laboratories files for a new trial in a wrongful dismissal case against its former general counsel, and a WilmerHale partner defends Jay Clayton, the nominee for SEC chair.