Global Investigations Review - The law and practice of international investigations

Securities

Rio Tinto and purported whistleblower settle employment dispute

Rio Tinto and purported whistleblower settle employment dispute

September 28, 2020, GIR

The parties resolved a complaint that has drawn the attention of the SFO and financial regulators in four countries ahead of a hearing to consider the UK’s jurisdiction over the matter.

SEC fights to restore scuttled charges against ex-Rio Tinto executives

SEC fights to restore scuttled charges against ex-Rio Tinto executives

March 25, 2020, GIR

The SEC has asked a New York federal court to reinstate charges against two former Rio Tinto executives accused of concealing the failure of a disastrous Mozambique coal mine acquisition.

US Senators propose fix to whisteblower loophole

US Senators propose fix to whisteblower loophole

September 25, 2019, GIR

The US government could fix a “gaping hole” in protections to those who report securities and commodities fraud by passing a recently proposed reform, lawyers have said.

Volkswagen repeats piling on claims

Volkswagen repeats piling on claims

July 09, 2019, GIR

Volkswagen accused the SEC of piling on after the agency explained why it had delayed its investigation into the German car manufacturer.

Two Brits face trial in Germany’s first criminal cum-ex case

Two Brits face trial in Germany’s first criminal cum-ex case

April 12, 2019, GIR

Cologne public prosecutors filed a criminal indictment against two traders for serious tax fraud at a court in Bonn. If accepted the west German city will take centre stage in the prosecution of individuals for conduct linked to what has been described as the biggest tax fraud case in Europe.

UBS Americas 2013

March 14, 2019, GIR

UBS Americas

Suntrust 2014

March 14, 2019, GIR

Company Suntrust Enforcement area Mortgage fraud Allegation Misleading investors Year 2014 Resolution Civil settlement Liability Unknown Enforcers...

Citigroup 2014 - DOJ

March 14, 2019, GIR

In July 2014, US bank Citigroup paid US$7 billion to US agencies and five states to settle allegations that it misrepresented residential mortgage-backed securities (RMBS) that it created and sold to federal and state institutions between 2006 and 2007.

German prosecutors investigate short-selling threat against Wirecard

German prosecutors investigate short-selling threat against Wirecard

February 26, 2019, GIR

German prosecutors are reportedly investigating allegations that an unknown party asked Wirecard for a seven-figure sum to prevent negative media coverage as part of a wider market-manipulation case surrounding the financial services company.

GDPR becomes critical issue in Brazil Trafigura investigation

GDPR becomes critical issue in Brazil Trafigura investigation

January 15, 2019, GIR

Lawyers have cited mutual legal assistance treaties and certain GDPR exceptions as some of the routes through which oil trader Trafigura could hand over emails to Brazilian authorities.