Vicente Eduardo Garcia, 65, of Miami, also settled civil charges that he violated the Foreign Corrupt Practices Act’s anti-bribery and internal controls provisions
The authorities say a Chinese shipping executive and a Brazilian working for Vantage Drilling Co. planned a bribe-for-contracts scheme at a Manhattan hotel.
Elliot wrote that any sanction in the case would be “overkill,” adding that the compliance officer “may have violated the law, but she did not do so egregiously.”
The class-action lawsuit against the government run oil and gas company was dismissed by U.S. District Judge Edgardo Ramos in Manhattan for failing to show how company executives had covered up alleged corruption.
The SEC has asked the appeals court to reverse a preliminary injunction issued by U.S. District Judge Leigh Martin May, arguing that the Atlanta judge ruled incorrectly in finding that the way the agency currently appoints administrative law judges is likely unconstitutional.
Under the terms of the proposed agreement, which has yet to be approved by the agency’s commissioners, the California-based drug manufacturer would pay a $2.5 million civil penalty, without having to admit or deny any wrongdoing.
Reuters reported on Aug. 7 that a team of Quinn Emanuel lawyers briefed FIFA’s board of directors on the status of the internal investigation in a meeting in Zurich last month.
The federal regulatory agency moved a district court in California to allow it to file an amicus brief supporting former general counsel Sanford Wadler.
Though the Houston-based company said that its investigation had not uncovered any evidence of wrongdoing, on Aug. 6 Brazilian prosecutors charged former Petrobras director Jorge Zelada with money laundering and corruption over allegedly favoring Vantage in a rig contract, Reuters reported.
The Netherlands-based orthopedics manufacturer added that the Justice Department expected to complete its review in August 2015.
Lawyers say that the introduction of a compliance counsel reflects a wider trend: that the skill sets of federal prosecutor and compliance officer are merging as the Justice Department uses compliance as a foundation stone of its Foreign Corrupt Practices Act enforcement.
Recent challengers to the U.S. Securities and Exchange Commission’s use of administrative law judges have argued that the system violates defendants’ constitutional right to due process.
In a July 31 opinion, U.S. District Judge Jed Rakoff in Manhattan outlined his reasons for denying the company’s motion to dismiss a bribery-related shareholder lawsuit last month.
District Judge Edgardo Ramos for the Southern District of New York ruled on August 3 that the PetroChina shareholders had failed to plead facts indicating wrongdoing beyond mere accusations of corruption.
The SEC’s investigation focuses on potential Foreign Corrupt Practices Act violations in connection with “grant-making activities,” Alexion wrote in the 10-Q filing.
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.