Topic: Books and records

Ex-Braskem CEO sentenced to 20 months

A Brooklyn federal judge sentenced the former CEO for participating in a foreign bribery scheme at Brazilian petrochemical company Braskem. His defence team had previously raised concerns about whether the case was time-barred.

12 October 2021

Iron Mountain reports data destruction in US sanctions probe

Information management company Iron Mountain says that it has mistakenly destroyed material related to a US sanctions probe focused on its dealings with Iranian entities.

09 August 2021

Cognizant sues boutique firm over billing practices

Cognizant wants to recover at least $20 million it paid to a law firm defending its former chief legal officer in an FCPA case.

21 June 2021

FCPA defendants go after Indian company that cooperated with DOJ

Two former Cognizant executives charged with foreign bribery want to force an Indian engineering company that cooperated with the US investigation to hand over potentially exculpatory information.

17 June 2021

Former in-house lawyer accuses Cognizant of “troubling” actions

A former Cognizant in-house lawyer charged with foreign bribery has raised concerns about a potential “spy” in his defence team. The allegations are tied to a legal fee dispute between the in-house lawyer and the company.

02 June 2021

In Cognizant FCPA case, a fight over investigation documents escalates

Former executives of a New-Jersey based information technology company expressed frustration that their former employer, Cognizant, has in their view improperly withheld vital information tied to their foreign bribery prosecution.

28 May 2021

Dutch court orders Ghosn to pay Nissan €5 million

21 May 2021

Former Braskem CEO pleads guilty in Brazilian corruption case

His lawyers had previously argued that the conduct was time-barred and lacked any meaningful connection to the US.

15 April 2021

Imposing a monitor is “very fact-dependent”, says SEC official

A senior SEC enforcement official said it’s often a challenge for government lawyers to determine whether to impose a compliance monitor on a company.

14 April 2021

SEC probes Baker Hughes over sanctions-related issue

The US Securities and Exchange Commission is investigating oil company Baker Hughes’ internal records and controls connected to sales of products and services in projects affected by US sanctions.

26 February 2021

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