Korean Phone Co. Sues US Over Samsung Contract Bribes

Law360, New York (November 23, 2011, 3:40 PM EST) -- A South Korean company that provided cellphone services on U.S. bases in South Korea filed an amended complaint against the U.S. on Tuesday, seeking payback for an $8.4 million contract it allegedly lost after a military employee took a bribe from rival contractor Samsung Rental Co. Ltd.

Admark Korea Ltd. had held the previous version of the contract with Army & Air Force Exchange Service Pacific Rim Region, according to its complaint, filed in the U.S. Court of Federal Claims. But AAFES’s Pacific Region Services business...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.