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U.K.’s High Court Grants Injunction in BAE Case
By Hsiang-Ching Tseng | March 3, 2010 3:37 pm

The United Kingdom’s High Court granted an injunction to stop the Serious Fraud Office’s settlement with BAE Systems, BBC News reported Tuesday.

Two British activist groups, The Corner House and Campaign Against Arms Trade, asked for the injunction last month so they could apply for a judicial review of the settlement, arguing that there should be a more thorough investigation of the corruption case.

Under the settlement announced Feb. 5, BAE agreed to pay fines of £30 million in the U.K.

The injunction is in force until March 20, when the High Court is slated to decide whether to grant the two activist groups the permission to review the settlement, according to the BBC.

The company also reached an agreement with the U.S. Department of Justice to pay a $400 million fine. In a hearing Monday, BAE admitted to defrauding the U.S. government and impeding its lawful functions.  That gave the judicial stamp of approval to the settlement.

Read our previous story here.

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  1. [...] March 3, 2010 · Leave a Comment Read the story on MainJustice.com [...]

MARRYING INTERNATIONAL EMPLOYMENT LAW AND THE FOREIGN CORRUPT PRACTICES ACT.

Shanghai-based Lesli Ligorner, a partner with Paul Hastings LLP, speaks with Main Justice Editor-in-Chief Mary Jacoby about the overlap between employment law and FCPA compliance in China.

"Insider trading tells everybody at precisely the wrong time that everything is rigged, and only people who have a billion dollars and have access to and are best friends with people who are on board of directors of major companies -- they're the only ones who can make a true buck." -- Preet S. Bharara, U.S. Attorney for Southern District of New York.