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Global Connection - February 27, 2012
Largest Indictment for an FCPA Case is Dismissed

02/27/2012

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.

[Read the full article.]