Joseph Sigelman, former CEO of oil and gas company PetroTiger Ltd., pleaded guilty to conspiring to pay bribes to foreign government officials in violation of the FCPA. Sigelman had been on trial for the charges since 6/1/15. Sigelman is the third former executive to plead guilty in the PetroTiger scandal (6/15/15).
Eight more Swiss banks reached resolution with the DOJ under its Swiss Bank Program (6/9/15, 6/3/15 and 5/28/15).
South Africa-based payment processor Net 1 UEPS Technologies said in a securities filing that the SEC declined to commence an enforcement action after conclusion of an FCPA investigation (6/8/15).
Deutsche Bank AG co-CEOs Anshu Jain and Jurgen Fitschen resigned (6/7/15).
Brazilian prosecutors investigating the Petrobas scandal reportedly notified the DOJ about units/affiliates of four foreign companies (Samsung Heavy Industries, Co., Skanska AB, AP Moeller-Maersk A/S and Toyo Engineering Corp.) involved in the payment of bribes to win Petrobas contracts in violation of the FCPA (6/2/15).
First Tennessee Bank N.A. agreed to pay $212.5 million to resolve FCA violations relating to federally insured mortgage loans it underwrote (6/1/15).
Garden State Cardiovascular Specialists P.C. agreed to pay $3.6 million to resolve FCA violations, qui tam whistleblower to receive $648,000 award (5/28/15).
Two durable medical equipment suppliers (Orbit Medical Inc. and Rehab Medical Inc.) agreed to pay $7.5 million to resolve FCA violations, two qui tam whistleblowers to split $1.5 million award (5/27/15).
Houston-based oil and gas company Hyperdynamics Corporation announced that the DOJ declined to prosecute after the conclusion of an FCPA investigation (5/21/15).
Medco Health Solutions Inc. agreed to pay $7.9 million to resolve FCA violations, two qui tam whistleblowers to split yet-to-be-determined award (same two whistleblowers that split a $1.4 million reward in connection with the 1/15 AstraZeneca FCA settlement, for the same misconduct) (5/20/15).
In a Q&A session after her remarks at the Compliance Week conference in Washington, D.C., Assistant Attorney General Leslie Caldwell said that the Criminal Division is now requiring its prosecutors to get a supervisor’s permission to obtain statute of limitations tolling agreements in FCPA investigations (5/19/15).
PharMerica Corporation agreed to pay $31.5 million to resolve FCA and Controlled Substances Act violations, qui tam whistleblower to receive $4.3 million award (5/14/15).