In the largest case of its kind, Siemens AG pled guilty to violations of the Foreign Corrupt Practices Act and agreed to pay a criminal fine of $450 million. From the 1990s through 2007, Siemens engaged in a systematic and widespread effort to make and to hide hundreds of millions of dollars in bribe payments […]
Category: FCPA
Foreign Corrupt Practices Act: Hot
WSJ’s Law Blog deems FCPA a hot practice area. But because you read this blog, you already knew that. This morning, we’re reminded of why folks are willing to shell out big bucks for serious FCPA lawyering: the stakes are high. Fired former Halliburton executive Albert J. “Jack” Stanley pleaded guilty to orchestrating more than […]
State of Play on FCPA
“Today, No Bribe is too Small” at Law.com offers a great survey of recent Foreign Corrupt Practices Act matters. The article reports bigger fines under FCPA and more cases: The number of enforcement actions seems to increase every year. Together, the Justice Department and the SEC brought an average of just one or two cases […]