Publication
Global Connection – February 27, 2012
Largest Indictment for an FCPA Case is Dismissed
After a string of losses involving the largest Federal Corrupt Practices Act (“FCPA”) case against individuals, the U.S. government has now dismissed the Superseding Indictment and all underlying indictments.
The FCPA, 15 U.S.C. §§ 78dd-1, et seq., makes it illegal for U.S. companies and citizens, foreign companies listed on a U.S. stock exchange, or any person acting while in the United States to make payments to foreign government officials to assist in obtaining or retaining business. The FCPA specifically prohibits a person or company from making a bribe to a foreign official to influence that official to violate his or her lawful duties, or to secure an improper advantage in obtaining or retaining business.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
