Another judge is on record against the kind of “bright line” definition that the business lobby would like to see.
The forthcoming Foreign Corrupt Practices Act guidance should carry “significant precedential weight,” the business lobby said in a letter signed by 32 industry associations.
Few corporations have publicly joined the U.S. Chamber of Commerce’s campaign for legislative changes to the foreign bribery law.
Senators Amy Klobuchar and Chris Coons sent a letter to Attorney General Eric Holder Thursday urging him to provide “clear and concrete guidance” in the Justice Department’s upcoming Foreign Corrupt Practices Act guidance.
Momentum has slowed, thanks to a canny move by the Department of Justice.
The two acquitted military products brokers wiped away tears as the jury foreman read the verdict.
But pressure on Democrats has lifted, and it’s unlikely that any bill will move without bipartisan backing.
The coalition said changes to the foreign bribery law could hurt U.S. standing in global anti-corruption efforts.
Are the fears about the FCPA much ado about nothing, or at least something less than thought?
Assistant Attorney General Lanny Breuer denounced proposed changes to the Foreign Corrupt Practices Act while offering almost off-handedly what observers called a major development.
The announcement is a concession to attorneys in private practice who have pushed for guidance.
Ogden also came out strongly against mandatory exclusion from Medicare and Medicaid business for health care companies that violate the law, saying it gives prosecutors too much power to force mega settlements without the scrutiny of a trial.
Weissmann is the co-author of a controversial U.S. Chamber of Commerce paper that called for changes in the Foreign Corrupt Practices Act.
The former Deputy Attorney General will moderate a panel titled “The Very Long Arm of the Law.” The business lobby has previously enlisted other former, high-ranking DOJ officials to speak on policies with which it has taken issue.
In addition to the outside lobbyists, the business lobby spent $4.3 million on its own internal lobbying team for the third quarter through its Institute for Legal Reform, focusing on a number of issues including “potential” legislation relating to the Foreign Corrupt Practices Act.
The former executives of Control Components Inc. fired back at the over jury instructions and interpretations of “foreign official” under the FCPA.
A transparency group warned the House Judiciary crime subcommittee chairman in a letter and implied an an interview it will pressure his donors to oppose amending the anti-bribery law.
The Open Society Institute held a legislative briefing on Capitol Hill and released a report attacking the U.S. Chamber of Commerce’s efforts to amend the FCPA.
Justice Department officials have frequently said that companies already receive credit for self-disclosure and cooperation, but they have expressed opposition to a leniency program. UPDATED 9/14
Prime Minister Jean-Max Bellerive, could rekindle a cause célèbre for defendants in FCPA cases: Who is a “foreign official” under the 33-year-old law?
Shell said that the new rule, which requires drilling and mining companies to disclose all payments they make to governments, including foreign ones, would cost the company “tens of millions of dollars.”
The Institute for Legal Reform, the Chamber’s legal advocacy arm, has made an expensive and high-profile effort to amend the foreign bribery law.
The nations hope the agreement will result in better sharing of information.
News Corp. also has hired Mark Mendelsohn of Paul, Weiss, Rifkind, Wharton & Garrison LLP.
Did Murdoch contribute to the Chamber of Commerce in an effort to weaken the FCPA?
Crapo sits on both the Senate Committee on Banking, Housing, & Urban Affairs as well as the Finance Committee, making him a useful ally in any Senate effort to amend the foreign bribery law.
The policy by the HHS Office of Inspector General is overly harsh, according to the U.S. Chamber of Commerce.
Antitrust authorities in the U.S. will sign later this summer an agreement with their counterparts in China to collaborate in reviewing mergers that need to be cleared by both countries.
The agency contacted groups that include the U.S. Chamber of Commerce, the U.S. Council for International Business, the National Foreign Trade Council, and the Association of Corporate Counsel, soliciting their input on which company officials to invite to the July 22 roundtable.
The DOJ and two other agencies want to hear about companies’ experiences with the FCPA.
ERNST & YOUNG LLP's BRIAN LOUGHMAN ON TRENDS IN GLOBAL FORENSIC ACCOUNTING: Loughman, the Americas leader of Fraud Investigation & Dispute Services, discusses how increased government enforcement, awareness of corruption risk and an emphasis on proactive compliance assessments by corporations is driving double-digit growth in the New York-based practice he leads.
"Former Congressman Renzi’s streak of criminal activity was a betrayal of the public trust and abuse of the political process.” -- Mythili Raman, acting Assistant Attorney General for the Criminal Division.