US Charges Time-Barred In FCPA Suit: 2nd Circ.

Law360, New York (September 3, 2008, 12:00 AM EDT) -- A federal appeals court on Friday upheld the dismissal of several counts of an indictment for conspiracy and money-laundering in connection with an alleged plan to profit from the privatization of Azerbaijan's state oil company, ruling that the government needed to file its request to suspend the statute of limitations before that period expired.

The decision, handed down by the U.S. Court of Appeals for the Second Circuit, held that the statute, section 3292, was unambiguous and required the U.S. District Court for the Southern District...
To view the full article, register now.