Ex-Magyar Telekom Execs Want Out Of SEC Bribery Case

Law360, New York (October 29, 2012, 6:28 PM EDT) -- Three ex-Magyar Telekom PLC executives urged a New York federal court Monday to toss a U.S. Securities and Exchange Commission suit accusing them of bribing officials in Macedonia and Montenegro to block the entry of a competitor, arguing that the court lacks jurisdiction and that the SEC's claims are time-barred.

Former Magyar Telekom CEO Elek Straub and ex-senior executives Andras Balogh and Tamás Morvai filed a joint dismissal bid seeking to have an SEC complaint accusing them of Foreign Corrupt Practices Act violations and related offenses...
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