FCPA Deals Under Fresh Scrutiny As Judge Pushes Back

Law360, New York (February 1, 2013, 7:36 PM EST) -- While courts have long rubber-stamped Foreign Corrupt Practice Act settlements, a Washington federal judge is threatening to reverse the trend by blocking two U.S. Securities and Exchange Commission deals in a judicial power play on par with U.S. District Judge Jed Rakoff's now-infamous Citigroup decision.

U.S. District Judge Richard Leon has emerged as a thorn in the SEC’s side, refusing to approve its $10 million settlement with IBM Corp. and $13 million settlement with Tyco International Ltd. Most FCPA settlements are approved quickly, but the IBM...
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