Investors File Yet Another Securities Suit in the Wake of an FCPA Investigation — The D&O Diary

There is no private right of action under the Foreign Corrupt Practices Act (FCPA), but as I have frequently noted in prior posts, news of an anti-bribery investigation frequently is followed by a shareholder lawsuit based on allegations relating to the investigation. The latest example of this type of follow-on civil action involves the investment management firm, Och-Ziff Capital Management Group, which, according to media accounts, is the target of alleged corruption investigations.

via Investors File Yet Another Securities Suit in the Wake of an FCPA Investigation — The D&O Diary