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ABA White Collar Crime: Stokes sets out FCPA enforcement agenda

ABA White Collar Crime: Stokes sets out FCPA enforcement agenda

March 07, 2014, GIR

Patrick Stokes, the new chief of the US Department of Justice’s FCPA unit, says the agency plans to speed up its investigations, and that there won’t be a leniency programme for FCPA violations.

ABA White Collar Crime: Judge rules insider dealing case must be funded by D&O insurance

ABA White Collar Crime: Judge rules insider dealing case must be funded by D&O insurance

March 07, 2014, GIR

Stephen Fishbein at Shearman & Sterling in New York says providers of directors and officers’ liability insurance may find it difficult to withdraw funding from insider dealing cases. Adam Dobrik in Miami.

ABA White Collar Crime: McInerney leaving DoJ

ABA White Collar Crime: McInerney leaving DoJ

March 07, 2014, GIR

The US Department of Justice’s deputy assistant attorney general Denis McInerney is leaving the authority to be closer to his family.

Supreme Court SOX decision less significant in light of Dodd-Frank, observers say

Supreme Court SOX decision less significant in light of Dodd-Frank, observers say

March 07, 2014, GIR

A US Supreme Court ruling on Tuesday extended Sarbanes-Oxley’s whistleblower provisions to employees of private contractors to publicly traded companies, though observers say the decision is unlikely to have a significant effect as whistleblowers increasingly turn to Dodd-Frank.

Academic offers second opinion on Ralph Lauren’s strategy in an FCPA case

March 07, 2014, GIR

Is self reporting a violation of the FCPA always the better option? An associate professor at Texas A&M School of Law has been exploring the question and recently provided his answer.

ABA White Collar Crime: Is SEC accounting focus misplaced?

ABA White Collar Crime: Is SEC accounting focus misplaced?

March 06, 2014, GIR

The US Securities & Exchange Commission (SEC) plans to pay much closer attention to accounting irregularities over the next year, but observers say this may be “a solution in search of a problem”.

US court finds fraud against Chevron in Ecuador

US court finds fraud against Chevron in Ecuador

March 06, 2014, GIR

A US court has ruled that a US$9.5 billion Ecuadorean court judgment against Chevron is the product of fraud and is unenforceable in the US – as an arbitral tribunal in The Hague continues to hear denial of justice claims brought by the oil company against Ecuador.

CFTC commissioner “disappointed” with budget request

CFTC commissioner “disappointed” with budget request

March 06, 2014, GIR

US President Barack Obama’s proposed budget of US$280 million for the US Commodity Futures Trading Commission (CFTC) has been met with disappointment by CFTC commissioner Bart Chilton, who called it “woefully insufficient for needed oversight and enforcement” and suggested it might fuel a loss of staff.

Italy criminal case prompts railway cartel investigation

Italy criminal case prompts railway cartel investigation

March 06, 2014, GIR

Italy’s Antitrust Authority (IAA) has skipped the dawn raid and gone straight to an investigation of 12 railway equipment companies it suspects of bid rigging, setting up the possibility of a clash with the criminal justice system down the line.

Leniency trumps damage claims in access to cartel documents, European court says

Leniency trumps damage claims in access to cartel documents, European court says

March 06, 2014, GIR

In a blow to a set of private litigants, the European Court of Justice (ECJ) has ruled there is a “general presumption” that cartel material should remain confidential but says specific documents may be requested and made available at the European Commission’s discretion.