FCPA Defendants Face Tougher Slog After Latest SEC Win

Law360, New York (February 13, 2013, 8:13 PM EST) -- Often forced to settle civil Foreign Corrupt Practices Act cases, foreign citizens may find it even harder to fight the U.S. Securities and Exchange Commission’s claims after a landmark ruling Friday struck down two commonly used defenses, experts say.

In a case of first impression, U.S. District Judge Richard J. Sullivan denied a motion by three former executives of Magyar Telekom PLC, a Hungarian telecommunications company, to dismiss allegations they tried to bribe Macedonian officials in 2005 to block a competitor from entering that country. At...
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