Topic: FCPA

DOJ dealt jurisdictional blow in PDVSA bribery case

A federal judge rejected the DOJ’s theory that a Swiss asset manager acted as an agent under the FCPA for her alleged role in a corrupt scheme at Venezuela’s state oil company.

15 November 2021

Reed Smith makes market move with another EDNY hire

Julia Nestor, a former Brooklyn federal prosecutor who played a leading role in the Odebrecht case, has joined Reed Smith.

10 November 2021

DOJ to step up internal coordination, official says

Lorinda Laryea said the Fraud Section will look to coordinate more across the DOJ to make the most of potential overlap in its cases.

09 November 2021

DOJ’s focus on corporate recidivism a “significant” policy shift

The DOJ’s promise to consider a company’s full history of misconduct when making corporate charging decisions has created uncertainty for companies.

08 November 2021

Biden DOJ introduces first wave of corporate enforcement changes

The DOJ reversed two Trump-era corporate enforcement policies and said it will now take an expansive view of what types of prior misconduct may affect charging decisions against companies.

28 October 2021

OSI agrees settlement with investors over corruption allegations

California-based OSI Systems agreed to a $12.5 million settlement with investors who sued the company over corruption allegations on an Albanian contract.

25 October 2021

Honeywell says bribery settlement will cost at least $160 million

The conglomerate has been in bribery settlement negotiations with US and Brazilian authorities.

22 October 2021

US ends Unaoil-related probe into Baker Hughes

The Houston oil services business is the latest company to see an end to a government investigation tied to Monaco oil consultancy Unaoil.

22 October 2021

Fraud Section sees significant management turnover

Many senior prosecutors have left the DOJ’s premier corporate enforcement unit this year for the private sector. “Money is a big part of it,” said one former DOJ lawyer.

20 October 2021

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

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