Foreign Corrupt Practices Act: Lawyers and former federal prosecutors say deferred and nonprosecution agreements are becoming more common as companies realize cooperation and compliance with FCPA regulations could lead to reduced fines and spare them criminal actions. Amanda Bronstad has...
On Ralph Lauren’s agreement with prosecutors to settle charges under the Foreign Corrupt Practices Act that its agents improperly bribed officials in Argentina to allow goods to move through trade channels: “Disgorge is a curious description. The $593,000 is the amount they paid out in bribes, not the amount they took in. Disgorge usually refers [...]Show More Summary
Las Vegas Sands admitted that it likely violated the Foreign Corrupt Practices Act, but that's not a reason to sell the stock.
Late last week Las Vegas Sands admitted that it likely violated the Foreign Corrupt Practices Act, although it was mum on what the exact violations are. But is this a reason to sell the stock when Macau's gaming numbers are only getting...Show More Summary
Information disclosed last week about two prominent investigations are more evidence of how mindful companies need to be about the antibribery law.
Las Vegas Sands Corporation, run by billionaire Sheldon Adelson, has admitted in an SEC filing that it likely broke the law by violating the Foreign Corrupt Practices Act.
China begins a Parliament meeting this week will unveil the final personnel changes of a once-a-decade leadership transition, Las Vegas sands reveals 'likely' violations of the Foreign Corrupt Practices Act in China, odd things to do in Beijing and more.
Sands Storm: The company owned by billionaire and major Republican donor Sheldon Adelson has acknowledged that it likely violated the Foreign Corrupt Practices Act, a federal law that prohibits bribing foreign officials. That discovery was made public in the recently released Las Vegas Sands Corp.’s annual regulatory report. Show More Summary
New York (CNNMoney) – Las Vegas Sands Corp said it "likely" violated the federal Foreign Corrupt Practices Act, which prohibits American companies from bribing foreign officials. In a regulatory filing, the Las Vegas Sands Corp., run by controversial Republican party donor Sheldon Adelson, also admitted that the company was under investigation by the Department of [...]
(Reuters) - Las Vegas Sands Corp said it "likely" violated the federal Foreign Corrupt Practices Act, which outlaws the bribery of foreign officials, according to a Securities and Exchange Commission filing on Friday.
An obscure settlement by I.B.M. over the Foreign Corrupt Practices Act has triggered questions from a federal judge about how much accountability the Securities and Exchange Commission should demand when it resolves a case.
Yet another concern on the minds of general counsel involves the Foreign Corrupt Practices Act.
Pharmaceutical giant Eli Lilly and Co. today agreed to pay $29.4 million to settle charges by the U.S. Securities and Exchange Commission that it violated the Foreign Corrupt Practices Act by making improper payments to officials in Russia, Brazil, China,...
In the latest instance in which a drugmaker was caught making bribes overseas, Eli Lilly was charged by the US Securities and Exchange Commission with violating the Foreign Corrupt Practices Act because its subsidiaries made improper payments to foreign government officials to win millions of dollars of business in Russia, Brazil, China, and Poland. The [...]
A detailed look at the economics of corruption for Wal-Mart's alleged violation of the Foreign Corrupt Practices Act.
ByAlex Heisenberg: On Tuesday morning December 4, 2012 in an SEC filing, Net 1 UEPS Technologies (UEPS) revealed that it's a subject of a bribery investigation on possible violation of the Foreign Corrupt Practices Act involving a contract in South Africa. Show More Summary
In 2010 the BATFE raided the S&W booth at SHOT Show arresting 21 people, including Smith & Wesson executives for beaching the Foreign Corrupt Practices Act, a law which prohibits US corporations, citizens and residents from bribing foreign officials. Those arrested were charged with conspiring to bride officials in the African state of Gabon as [...]
A new resource guide on the Foreign Corrupt Practices Act highlights the benefits to companies that voluntarily disclose potential violations and take remedial actions, but it leaves plenty of uncertainty.
The guidance jointly issued by the Department of Justice and the Securities & Exchange Commission on Wednesday on the Foreign Corrupt Practices Act isn't a difficult read -- and anyone who practices in this area has presumably already devoured the 130-page document.
There is not likely to be any new, sweeping investigations involving white-collar crime in the president's second term, but prominent cases involving the Foreign Corrupt Practices Act and the fallout from the 2008 financial crisis still loom.