The FCPA Guidance and Declinations

Publiziert am 17. Dezember 2012 von NIETZER . Rechtsanwälte

I have previously written about my belief that the US Department of Justice (DOJ) should go further in releasing information about Declinations to Prosecute Foreign Corrupt Practices Act (FCPA) cases self-reported to both it and the Securities and Exchange Commission (SEC). The FCPA Professor, Mike Volkov and others have also written and advocated that the DOJ should release information about Declinations because they are an excellent source of information for the compliance practitioner about the DOJ’s thinking on FCPA enforcement issues. Weiterlesen →

Veröffentlicht unter Compliance USA | Verschlagwortet mit , , , , , , , , | Schreib einen Kommentar

Most ridiculous lawsuits: Choate v Indiana Harbor Belt Railroad Co.

Publiziert am 16. Dezember 2012 von NIETZER . Rechtsanwälte

12-year-old Dominic Choate decided to impress his friends and jump aboard a slow-moving freight train, despite their yelling at him to get away from the train. After two unsuccessful attempts, he made a third attempt that was not just unsuccessful, but disastrous: Weiterlesen →

Veröffentlicht unter Allgemein, Klage | Verschlagwortet mit , , , , , , , | Schreib einen Kommentar

ILR: DOJ defends deferred prosecution deal with HSBC

Publiziert am 15. Dezember 2012 von NIETZER . Rechtsanwälte

National Law Journal | Dec 12, 2012
A high-ranking Justice Department official on December 11 defended the government’s decision not to seek criminal charges against HSBC Holdings PLC for laundering money for drug traffickers and pariah states.

Read more:

DOJ defends deferred prosecution deal with HSBC


Veröffentlicht unter Allgemein | Verschlagwortet mit , , , | Schreib einen Kommentar

Standard Chartered muss wegen Verstoß gegen US-Sanktionsvorschriften 327 Millionen USD Strafe zahlen

Publiziert am 14. Dezember 2012 von NIETZER . Rechtsanwälte

Standard Chartered Settles U.S. Sanctions Allegations
Wall Street Journal  Dec 11, 2012
Standard Chartered PLC agreed to pay $327 million in penalties for alleged violations of U.S. sanctions against Iran, Libya and other nations, closing another chapter in the U.S. crackdown on banks sidestepping restrictions meant to prevent money laundering.

Veröffentlicht unter Allgemein | Verschlagwortet mit , | Schreib einen Kommentar

Most ridiculous lawsuits: Lawsuit: $73,000 Glass Pool Table Not Up to Scratch

Publiziert am 12. Dezember 2012 von NIETZER . Rechtsanwälte

Play on it with anything but specially-coated, custom-made balls, and you scratch the glass.

Brant Martin, a Dallas attorney representing the buyer (identified in the suit only as Desert Beach, an LLC) says his client learned this fact the hard way:

Weiterlesen →

Veröffentlicht unter Allgemein, Klage | Verschlagwortet mit , , , , , | Schreib einen Kommentar

HSBC muss in USA 1.9 Milliarden USD Strafe zahlen

Publiziert am 11. Dezember 2012 von NIETZER . Rechtsanwälte

HSBC to Pay Record U.S. Penalty
Wall Street Journal | Dec 11, 2012
HSBC Holdings on Tuesday plans to acknowledge that for years it ignored possible money laundering, part of a record $1.9 billion settlement with U.S. authorities that caps the bank’s disastrous foray into the U.S. market.

Veröffentlicht unter Allgemein | Verschlagwortet mit , , , | Schreib einen Kommentar

FCPA: Using History to Create or Rebuild a Compliance Culture

Publiziert am 10. Dezember 2012 von NIETZER . Rechtsanwälte

I have wondered how organizations such as Siemens, Alcatel-Lucent or any others that have faced a wide-ranging, global charge of systemic bribery and corruption might change their culture. Many others have written about the structural changes that such companies have made. Weiterlesen →

Veröffentlicht unter Compliance USA | Verschlagwortet mit , , , , , , , , , , | Schreib einen Kommentar

Most ridiculous lawsuits: Motorcyclist who hit Florida panther sues state over warning system

Publiziert am 8. Dezember 2012 von NIETZER . Rechtsanwälte

Florida Fish and Wildlife Conservation Commission

Trackers this fall captured and collared an endangered Florida Panther that may be responsible for attacks on livestock. The collar will allow biologists to track the cat’s movements. Weiterlesen →

Veröffentlicht unter Allgemein, Klage | Verschlagwortet mit , , , , , , , , | Schreib einen Kommentar

SEC v Deutsche Bank

Publiziert am 7. Dezember 2012 von NIETZER . Rechtsanwälte

Deutsche Bank Says Report That It Hid Losses Lacks Merit
New York Times | Dec 07, 2012
The big German lender Deutsche Bank on Thursday denied a report that it had hidden $12 billion in losses during the financial crisis. The bank said charges made by whistle-blowers had been investigated previously and found to be without merit.

Veröffentlicht unter Allgemein | Verschlagwortet mit , , | Schreib einen Kommentar

SEC v Deutsche Telekom

Publiziert am 7. Dezember 2012 von NIETZER . Rechtsanwälte

SEC Says Former Magyar Execs Hurt U.S. Investors in FCPA Case
WSJ.com Corruption Currents | Dec 07, 2012
The Securities and Exchange Commission fired back at three former executives of a Hungarian unit of Deutsche Telekom AG, arguing that a civil bribery suit against them should not be thrown out.

Veröffentlicht unter Allgemein | Verschlagwortet mit , | Schreib einen Kommentar