Video: Arnold & Porter’s Claudius Sokenu Discusses Multinational Investigations, FCPA
By Mary Jacoby | February 18, 2013 10:14 am

Arnold & Porter LLP partner Claudius Sokenu discusses the growing complexity of managing of multi-national and multi-jurisdictional investigations. Topics include privilege issues, data privacy, and a company’s concerns about its stock price versus analysts’ interest in how a probe will affect that stock price.

When there are tensions between media crisis managers and the lawyers, Sokenu says: “The goal is always the legal issues first.”

Sokenu was a Securities and Exchange Commission enforcement lawyer in 2001, when oil services company Baker Hughes was issued a cease and desist order to stop making payments to foreign officials for business. [Article continues below]

After the payments continued, Baker Hughes became the first company subject to a joint SEC-Department of Justice probe, agreeing to pay $44.1 million in 2007 to settle charges – at the time, the largest FCPA penalty ever.

The Baker Hughes case “is now the template” for government FCPA enforcement, Sokenu notes.


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