Och-Ziff: Takeaways From Landmark FCPA Case
Robert K. Hur
Grant W. Nichols In one of the largest Foreign Corrupt Practices Act settlements in history, hedge fund Och-Ziff Capital Management Group LLC recently resolved a long-running government inquiry by agreeing to $413 million in financial penalties and a subsidiary guilty plea. The enforcement action is notable for a number of reasons, not the least of which is that the U.S. Securities and Exchange Commission charged a sitting CEO and chief financial officer of an issuer with violating the FCPA, the first...
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