The New Era Of FCPA Enforcement: A Time For Reflection
February 27, 2012, 1:38 PM EST
Law360, New York (February 27, 2012, 1:38 PM EST) -- On Feb. 21, the U.S. Department of Justice ended one of its most significant Foreign Corrupt Practices Act prosecutions against individuals in the history of the act, voluntarily dismissing with prejudice all of the remaining charges in the Africa sting case. U.S. v Goncalves, No. 09-cr-335 (D.D.C.).
The court papers filed by the DOJ stated that the unprecedented step follows careful consideration of three factors: “(1) the outcomes of the first two trials in which ... juries remained hung as to seven defendants and acquitted two...
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.