An order to turn over unclassified material to the Chinese-owned company and issue an updated recommendation to President Obama is a potentially uncomfortable precedent for the government. Yet however the case turns out, experts predict a “slightly more accessible” foreign investment review process in the future.
The auto parts manufacturer said it is investigating allegations of bribery by its subsidiaries in Poland and Ukraine.
Hedge-fund manager William Browder may have presented a misleading account of his battle with Russian authorities over an alleged tax scam that Browder says led to the death of his associate Sergei Magnitsky in 2009, The Wall Street Journal reported.
A Sony vice president for litigation expressed frustration with receiving a $1.7 million bill from Mark Mendelsohn at Paul, Weiss, Rifkind, Wharton & Garrison LLP, according to stolen emails published on the WikiLeaks website. Paul Weiss represented the entertainment company in a Securities and Exchange Commission civil probe of its compliance in China with U.S. foreign bribery laws.
Speaking at the New York City Bar Association’s White Collar Crime Institute, Shirah Neiman of the single-member SN Compliance LLC argued that political appointees shouldn’t be part of the Justice Department’s approval process for monitors. David N. Kelley of Cahill Gordon & Reindel LLP, Bart M. Schwartz of Guidepost Solutions LLC and Troy A. Paredes of PwC also spoke on the panel.
The SEC Enforcement Division chief spoke Wednesday about the SEC’s efforts to bolster its law enforcement efforts while offering an analysis of the commission’s use of cooperation agreements to effect corporate compliance.
The discussion, which included former a former co-director of the Enforcement Division, George S. Canellos, came on the heels of recently released Securities and Exchange Commission guidance about how it weighs bringing cases before administrative law judges rather than federal courts.
Assistant Attorney General Leslie Caldwell, speaking at a New York City Bar Association conference offered new insights into how the department views the impact of foreign data privacy laws on U.S. investigations. And she parried criticism that the department’s investigations of foreign bribery allegations take too long and cost companies too much money.
The international law firm on Monday announced the appointment of attorneys Mary Pat Brown and Steve Olson as co-chairs of the firm’s White Collar Defense & Corporate Investigations Group.
Asserting that “no rigid formula dictating the choice of forum” exists, the Securities and Exchange Commission said it considers a number of factors when weighing whether to bring an action in to its own in-house judges or to federal court.
Decrying “discovery about discovery,” Southern District of New York Magistrate Judge Andrew Peck told counsel for Rio Tinto at a status conference to trust Brazilian miner Vale SA’s representations about lost documents.
Chancellor Andre Bouchard ruled from the bench that Wal-Mart had not committed any “meaningful” violation of an order to produce documents to shareholders’ lawyers pursuing litigation related to the global retailer’s alleged bribery scheme in Mexico.
The Justice Department now encourages its investigators to record interviews even with people who are not under arrest. The policy elicits strong reactions – pro and con – from the corporate defense bar.
According to an analysis by the Wall Street Journal, the SEC’s administrative court system has favored the commission in at least four out of five cases since October 2004. Chairwoman Mary Jo White, meanwhile, opened the door this week to more transparency.
The probe is part of a broader government investigation into whether banks, private-equity firms and hedge funds violated anti-bribery laws when dealing with the Libyan Investment Authority.
President Barack Obama speaks at outgoing Attorney General Eric Holder's portrait unveiling ceremony.
Attorney General Eric Holder called for a lower bar to federal civil rights prosecutions in an exit interview with Politico's Mike Allen.