The investigation reportedly centers on major power projects, including a $13 billion hydroelectric plant and the installation of a nuclear reactor.
U.S. District Judge Jed Rakoff in Manhattan said in an order Friday that the case should go to trial by Feb. 1.
The SEC wants to have both the injunction and the suit dismissed — to that end, it contends that because defendants can dispute administrative verdicts in the federal circuit courts of appeal, Gray Financial has no grounds to bring its suit in federal court.
Jenner & Block LLP lawyers said U.S. District Judge Richard J. Leon in D.C. acted within his jurisdiction when he refused to approve the federal government’s settlement agreement with Fokker Services.
The defense contractor has formally asked the U.S. Securities of Exchange Commission to provide the agency’s position on potentially vacating the final judgment.
Bloomberg, which reviewed the bank’s first monitor report, said the document reveals HSBC is being slow to remediate after it resolved sanctions and money laundering-related charges with the federal government in 2012.
Holder said there need to be incentives at the department for whistleblowers to come forward, and that the department needs to have better tools to improve the prosecution of individuals.
The hedge fund continues to argue that it had no duty to disclose federal investigations into the company’s conduct in several African countries.
“In the view of both the government and the Monitor, there are no issues that require the Court’s intervention at this time,” the Justice Department told U.S. District Judge John Gleeson in Brooklyn.
Similar to Foreign Corrupt Practices Act enforcement generally, the federal government has expanded what it expects to find in an anti-corruption compliance program.
The Securities and Exchange Commission’s declination to prosecute Cobalt International Energy Ltd. is enough to quash a shareholder suit against it, the Houston-based oil exploration firm argued in a filing on Wednesday.
In a motion to dismiss filed in U.S. District Court for the Southern District of Texas in Houston, Cobalt argued that the shareholder lawsuit [...]
Rafael Ribeiro, who worked with Steinberg as a partner at Bilzin Sumberg, will also join Hogan Lovells.
The case in the Southern District of New York signifies the United States’s joining a telecom investigation by several European countries.
The ruling came in Rio Tinto Group’s Racketeer-influenced and Corrupt Organizations lawsuit against Vale SA.
Prosecutors are seeking $34 million linked to shares in Griffith Energy International Inc. that they allege were paid in exchange for the influence of Mahamoud Adam Bechir in obtaining lucrative oil development rights in Chad.
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.