House Bill Would Open Door To Private FCPA Suits

Law360, New York (December 1, 2011, 6:10 PM EST) -- Rep. Ed Perlmutter, D-Colo., on Wednesday introduced a bill in the U.S. House of Representatives that would for the first time allow private entities to sue for damages for violations of the the Foreign Corrupt Practices Act.

Under H.R. 3531, the Foreign Business Bribery Protection Act of 2011, if a U.S. person or company can establish that a foreign entity prevented them from gaining business by violating the anti-bribery provisions of the FCPA and in doing so gained business of its own, they could sue for...
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