May 14, 2014
A New York judge on Wednesday criticized attorneys for three former Magyar Telekom PLC executives for advising the defendants not to answer most questions during depositions in a Foreign Corrupt Practices Act case brought by the U.S. Securities and Exchange Commission, calling the move "obstructionist."
August 06, 2013
A New York federal judge on Monday refused to let three former Magyar Telekom PLC executives immediately appeal a ruling allowing the U.S. Securities and Exchange Commission to pursue its Foreign Corrupt Practices Act case against them, finding no questions of law that would justify an interlocutory appeal.
July 16, 2013
Securities defense attorneys had plenty of reason to celebrate in the first half of 2013, as Delaware courts dealt multiple jurisdictional blows to shareholders and the U.S. Supreme Court curbed government fraud actions while threatening to nix a legal theory at the heart of private class actions.
May 02, 2013
The U.S. Securities and Exchange Commission on Wednesday challenged a bid by three former Magyar Telekom PLC executives to appeal a landmark ruling that allowed the SEC to pursue its foreign bribery case against them, saying it would be an unnecessary delay.
February 13, 2013
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.
February 08, 2013
A New York federal judge on Friday threw out former Magyar Telekom PLC executives' motion to dismiss the U.S. Securities and Exchange Commission's Foreign Corrupt Practices Act suit, finding that the New York court has personal jurisdiction over the case.
January 17, 2013
The U.S. Securities and Exchange Commission on Thursday defended a foreign bribery action against former executives of Hungary's Magyar Telekom PLC, saying the men have sufficient ties to the U.S. to be sued in New York.
October 29, 2012
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.
October 12, 2012
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.