Daily Archives: July 5, 2018, 10:31 am

SEC Charges Credit Suisse With FCPA Violations

The Securities and Exchange Commission today announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign Corrupt Practices Act (FCPA). Credit Suisse also agreed to pay a $47 million criminal penalty to the U.S. Department of…

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The New Hot Law Job: Litigation Finance – WSJ

Litigation-finance firms, which invest money in corporate legal disputes, are raising hundreds of millions of dollars and staffing up to put that money to work. The funders are attracting lawyers from elite law firms including Arnold & Porter Kaye Scholer LLP, Latham & Watkins LLP, Proskauer Rose LLP and Wachtell, Lipton, Rosen & Katz. The roles are seen as more…

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Brazil’s Former Billionaire Eike Batista Sentenced to 30 Years | The Rio Times | Brazil News

Once Brazil’s wealthiest man, businessman Eike Batista was sentenced to thirty years in prison in Rio de Janeiro this week for corruption and money laundering. Batista was found guilty of paying former Rio de Janeiro governor, Sergio Cabral US$16.5 million in 2011 and trying to conceal the bribe through a money laundering operation. via Brazil’s Former Billionaire Eike Batista Sentenced…

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Jim Beam faces SEC hangover after bribery allegations in India – Bloomberg

Beam Suntory Inc. has agreed to pick up a roughly $8 million tab for allegedly bribing government officials for years to make inroads in India’s highly regulated liquor business, the U.S. Securities and Exchange Commission said in a Monday statement. Between 2006 and 2012, the company made illicit payments through third-party sales promoters and distributors to get licenses and secure…

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