Though companies now are required to admit to facts alleged by the Justice Department to settle parallel civil investigations, other similar conduct goes unacknowledged.
U.S. District Judge Richard J. Leon today narrowed the scope of reporting requirements he is demanding that International Business Machines Corp. accept before he’ll approve the company’s $10 million foreign bribery civil settlement.
A publicly scheduled court hearing on a $13 million foreign bribery settlement was held behind closed doors, despite protests from reporters.
The Justice Department and SEC secured roughly $260 million from FCPA settlements for the year.
U.S. District Judge Richard Leon said he wouldn’t approve a settlement until it included language requiring IBM to report all future FCPA violations to the court or justify why it was seeking exceptions.
In 2006, the company paid $51 million to settle allegations of accounting fraud, disclosure and Foreign Corrupt Practices Act violations with the SEC. The new potential violations came to light after a review required by the 2006 settlement.
The global manufacturing conglomerate also said two Tyco subsidiaries in Italy were acquitted in Milan for allegedly improper payments to Italian officials.
Federal law doesn’t let John DiCicco serve any longer as acting Assistant Attorney General for the Tax Division. But there are ways around this problem – which is good, because it appears increasingly unlikely the White House will to try to put a nominee forward again.
Nancy Boswell is departing after “considerable reflection” and 17 often troubled years.
TI receives funding from a number of different sources including governments, foundations, the private sector and individuals.
Will a choice parking space be enough to keep employees from squealing to the Securities and Exchange Commission?
The National Whistleblowers Center submitted a FOIA request to the Securities and Exchange Commission seeking documents on the agency’s meetings with corporate executives.
The company began settlement talks with the Justice Department and the Securities and Exchange Commission in February.
Republicans had opposed the president’s nomination of Mary L. Smith to lead the Justice Department’s Tax Division, citing her lack of tax law experience.
The Senate returned the former Justice Department Tax Division nominee to the White House twice.
Mary L. Smith has been stranded for more than a year by Republican opposition. The president will now have to decide whether to pick another nominee.
The nomination of Mary Smith, President Barack Obama’s nominee to lead the Justice Department’s Tax Division, has languished for more than a year. Sen. Jeff Sessions of Alabama, the ranking Republican on the Senate Judiciary Committee, said Wednesday she should consider withdrawing.
The Senate Judiciary Committee received seven letters in support of Tax Division nominee Mary L. Smith from American Indian organizations in 2009. If confirmed, she would be the first American Indian to serve as an Assistant Attorney General.
The nominee to head the Tax Division has been waiting since last June for the full Senate to consider her. Action on her nomination still could be a ways off, thanks to a Republican senator’s hold.
The Senate Judiciary Committee lost a quorum before it could consider Office of Legal Counsel nominee Dawn Johnsen. A vote on her re-nomination was rescheduled for next Thursday. UPDATED at 2:02 p.m.
The senior senator from Mary L. Smith’s home state of Illinois said she is “a highly qualified nominee” with experience working on tax law and policy.
The nomination of Mary L. Smith to head the Tax Division has stalled for months amid questions about her qualifications. If confirmed, Smith would be the highest-ranking American Indian to serve in the Justice Department.
The Washington Post said the Senate should confirm all the DOJ nominees reported out of the Senate Judiciary Committee before it starts its month-long recess Friday.
With the exception of Civil Rights Division nominee Tom Perez, several DOJ nominations still pending before the Senate appear stalled at least until after the August congressional recess.
Republicans complained that Chicago lawyer Mary L. Smith has no tax experience and isn’t qualified for the job.
Given concerns about her experience, Mary L. Smith might have engaged more on the issues in her written responses to follow-up questions from her May 19 confirmation hearing. Instead, the Chicago lawyer and former Tyco in-house counsel seemed to underline why Republicans have doubts.
In 1998, Tyco International Ltd. acquired Earth Tech Brazil notwithstanding the fact that it knew Earth Tech had made various illegal payments to Brazilian officials to obtain business.
BEST FCPA LAWYERS PRACTICE GROUP OF THE YEAR. Main Justice held an awards luncheon in Washington, D.C., to honor top firms in the Foreign Corrupt Practices Act arena. This video shows announcement of the finalists and winner in the Practice Group of the Year category.
"Although Burke denied to congressional investigators that he had any retaliatory motive for his actions, we found substantial evidence to the contrary." -- OIG report faulting former U.S. Attorney Dennis Burke for giving a Fox News producer a memorandum about Fast and Furious case.