The retail giant said that “given the inherent uncertainties in such situations, we can provide no assurance that these matters will not be material to our business in the future.”
The overseas defendants have asked a judge to pause an SEC lawsuit, arguing their jurisdictional issues are so distinctive that they should not have to incur millions of dollars in discovery costs while the questions remain unsettled.
The company expects to spend as much as $45 million in its first quarter.
Defense attorneys for ex telecoms execs from Hungary strike out in their bid for the dismissal of the SEC’s foreign bribery complaint against them.
Investigative reporter David Barstow discusses the thinking behind Wal-Mart’s failure to self-report corruption in Mexico.
The New York Times strikes another blow, alleging in lurid detail how Wal-Mart’s Mexican subsidiary paid bribes to open 19 different locations.
Wal-Mart Stores Inc. sees a jump in legal costs and acknowledges it is investigating possible foreign bribery in at least three new countries.
The scope is of the remediation efforts is staggering: 300 lawyers and accountants have spent 79,000 hours reviewing Wal-Mart’s compliance programs in 27 countries.
The company anticipates spending $35 million to $40 million in each of the remaining quarters.
The big-box retailer may have issues complying with laws against anti-money laundering and tax evasion, Democratic Reps. Henry Waxman and Elijah Cummings assert in a new letter.
Wal-Mart has hired outside attorneys to look at compliance measures in other corruption-prone countries.
The filing of the voluntary dismissal, late on the evening before a long holiday weekend, appeared timed to minimize media attention. UPDATE: 5/27.
Before joining Wal-Mart in 2004, Tom Gean was the top federal prosecutor in the Western District of Arkansas during George W. Bush’s first term.
The German telecom giant and a Hungarian subsidiary agreed to pay more than $95 million in combined criminal and civil penalties to resolve foreign bribery violations in Macedonia and Montenegro.
Henry M. Greenberg of Greenberg Traurig LLP will work pro bono in a special assignment.
“It became clear at a certain point that since I was not willing to incriminate Congressman Doolitle and others that I was going to pay a heavy price,” the convicted ex-Jack Abramoff associate wrote in a letter to his judge seeking leniency.
A case that has already sparked serious accusations shows no sign of cooling.
Venable LLP announced yesterday that white collar defense attorney Jan Handzlik joined the firm as a partner in its SEC/White-Collar Group.
In concluding that Kevin Ring’s recommended sentence should be no more than 4 years 9 months, U.S. District Judge Ellen Huvelle suggested prosecutors had tried to retaliate against him for exercising his constitutional right to a trial.
The defendants characterize “honest mistakes” as misconduct and strain to find misconduct where there is none, the Justice Department said.
Michael Scanlon, a former Abramoff associate, wants the court to drop part of a plea deal reached with the government.
Attorneys for the company say the misconduct was “pervasive.”
The former lobbyist says he cannot afford to pay his attorneys.
An FBI agent takes center stage at the Lindsey Manufacturing trial.
The legislative history was “inconclusive,” the judge, A. Howard Matz, said.
Two U.S. Attorneys from the George W. Bush administration are at opposite ends of a legal quarrel over control of a glass-bottomed walkway that stretches out over the edge of the Grand Canyon.
Former D.C. lobbyist Kevin Ring already has been convicted on charges stemming from an influence-peddling scheme.
The ruling is a decisive win for the DOJ as it defends its Foreign Corrupt Practices Act enforcement record.
Judge throws out some government evidence.
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.
FCPA TRIAL FIRM OF THE YEAR: Finalists are announced in Main Justice's 2013 Best FCPA Lawyer Client Service Awards category, Trial Firm of the Year. The diamond award went to Eric Bruce and Matt Menchel of Kobre & Kim LLP for their defense of two FCPA sting trial defendants.
Mary Jacoby is the founder of Main Justice and Editor-in-Chief of Just Anti-Corruption.
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- Acting Assistant Attorney General Mythili Raman Delivers Keynote Address at the Global Anti-Corruption Congress
- Owner of Louisiana-based Health Care Company Sentenced in Texas to 97 Months in Prison in Connection with $6.7 Million Medicare Fraud Scheme
- Former University Professor Charged in California with Engaging in Sexual Conduct with Minors and Producing Child Pornography
- Axius CEO Roland Kaufmann Sentenced for Conspiracy to Pay Bribes in Stock Sales
- Former Security Contractor Executives Sentenced for Illegally Obtaining More Than $31 Million Intended for Disadvantaged Small Businesses
- Philadelphia Drug Kingpin Sentenced to Death, Co-defendant to Face Life in Prison
- Philadelphia La Cosa Nostra Associate Pleads Guilty to Loan Sharking
- County Commissioner Sentenced for Attempted Extortion and Bribery
- Managing Partner of U.S. Broker-Dealer Charged in Manhattan Federal Court with Participating in Massive International Bribery Scheme
- Former Chief Executive of Mortgage Servicing Company Pleads Guilty to Bank Fraud for Scheme to Withhold Funds from Wells Fargo Bank
- Anti-Corruption Portal of the Americas
- City of London Police
- Global Financial Integrity
- GRECO
- Organization for Economic Co-operation and Development
- Pacer (U.S. Court Documents)
- State Department Bureau of International Narcotics and Law Enforcement Affairs
- TRACE International
- Transparency International
- U.K. Courts
- U.K. Ministry of Justice
- U.K. Office of Fair Trading
- U.K. Serious Fraud Office
- U.S. Department of Justice
- U.S. Department of Justice FCPA Page
- U.S. Federal Bureau of Investigation
- U.S. House Committee on Oversight and Government Reform
- U.S. House Permanent Subcommittee on Investigations
- U.S. Internal Revenue Service Criminal Investigations
- U.S. Securities and Exchange Commission
- U.S. Securities and Exchange Commission Litigation Releases
- U.S. Senate Permanent Select Committee on Intelligence
- United Nations Convention Against Corruption
- World Bank Governance and Anti-Corruption
- World Economic Forum - Corruption Initiative