Good news for attorneys, especially those with foreign language backgrounds. It seems that FCPA enforcement is not slowing down one bit.
From George J. Terwilliger, III, Darryl S. Lew, Daniel Levin and G. William Currier of White & Case LLP:
On the heels of the US Department of Justice’s (“DOJ”) massive sting operation, which resulted in the indictment of 22 individuals for conspiracy to violate the US Foreign Corrupt Practices Act (“FCPA”),1 the DOJ and US Securities and Exchange Commission (“SEC”) appear close to settling half-a-dozen investigations involving corrupt payments to foreign officials made by Alcatel-Lucent, BAE Systems plc, Daimler AG, Innospec Inc., Pride International, Inc. and Technip S.A.2 If concluded, these anticipated settlements could result in more than US$1.1 billion in criminal fines, civil penalties and disgorgement—nearly double the more than US$646 million in fines, penalties and disgorgement recovered in 2009, and more than ever recovered in a single year since the FCPA’s enactment in 1977. And it’s only March 3…
