11th Circ. Won't Hear Appeal Over $92M Alcatel-Lucent Deal

Law360, New York (August 3, 2012, 6:53 PM EDT) -- The Eleventh Circuit on Friday shot down a Costa Rican state-owned utility's bid for victim status and restitution following a $92 million Foreign Corrupt Practices Act settlement between Alcatel-Lucent SA and the U.S. government, ruling that it lacked jurisdiction to hear the utility's appeal.

A three-judge panel held that because no final judgment has been entered in the Alcatel-Lucent case, Instituto Costarricense de Electricidad’s appeal of a lower-court decision that it lacks victim status under the Crime Victims’ Rights Act in two related cases falls flat....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.