Daily Archives: January 3, 2018, 2:07 pm

Brian Stretch to Leave U.S. Attorney Post for Sidley | The Recorder

Brian Stretch, the U.S. attorney for the Northern District of California, is set to join the San Francisco office of Sidley Austin. A veteran of the local federal prosecutors’ office, Stretch has served in various leadership positions over his 18-year tenure including that of U.S. attorney and first assistant U.S. attorney under Melinda Haag. Stretch was appointed to the U.S.…

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$26 billion in fines and 28 jail sentences: How global regulators are cracking down on financial crime – Business Insider Nordic

Almost 80% of fines between 2012 and Q3 2017 were issued by US regulators, the majority of which (85%) related to market abuse and disclosure. The UK’s Financial Conduct Authority (FCA) accounted for $3.1 billion (£2.2 billion) of the conduct fines handed out over the same period. via $26 billion in fines and 28 jail sentences: How global regulators are…

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Brazil’s Petrobras to settle US class action lawsuit over corruption

Brazil’s state-controlled oil company, Petroleo Brasileiro, said on Wednesday that it has agreed to pay $2.95 billion to settle a U.S. class action brought by investors who claim they lost money as a result of a corruption scandal. Petrobras, as the company is known, denied any wrongdoing under the deal, which is one of the largest securities class action settlements…

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