US Can't Try Foreign Execs For Offshore Bribery, Defense Says

Law360, New York (October 12, 2012, 9:05 PM EDT) -- The U.S. Securities and Exchange Commission cannot haul foreign companies' executives into court over actions alleged to have occurred overseas, lawyers for Hungary's Magyar Telekom PLC executives accused of bribery told a New York federal judge Friday.

U.S. courts do not have jurisdiction to try former Magyar Telekom CEO Elek Straub and former executives Andras Balogh and Tomas Morvai on claims that they bribed officials in Macedonia and Montenegro in a scheme to win contracts, said William Sullivan Jr. of Pillsbury Winthrop Shaw Pittman LLP, a...
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Case Information

Case Title

Securities and Exchange Commission v. Straub et al


Case Number

1:11-cv-09645

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Richard J. Sullivan

Date Filed

December 29, 2011


Case Title

Securities and Exchange Commission v. Magyar Telekom, PLC et al


Case Number

1:11-cv-09646

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Colleen McMahon

Date Filed

December 28, 2011

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