We use cookies to customise content for your subscription and for analytics. If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
The US Supreme Court relaxed the deadlines for shareholder fraud actions, allowing investors to proceed with accusations that Merck & Co, the pharmaceutical company, misled the public about the health risks posed by its Vioxx painkiller, which was withdrawn because of links to heart attacks and strokes
The German automotive company Daimler AG was charged on 23 March 2010 by the US DoJ in a criminal information (a criminal charge that is brought by a prosecutor, unlike an indictment where a criminal charge is brought by a grand jury) with conspiracy to violate the FCPA books and records provisions and violating the books and records provisions
BHP Billiton, the mining company, is being investigated by the US SEC having reportedly found evidence of possible breaches of anti-corruption laws relating to a bauxite exploration project in Cambodia
Innospec Limited, a subsidiary of Innospec Inc., a NASDAQ-listed company based in the US, and a manufacturer of a lead-based anti-knock fuel additive called Tetraethyl lead (‘TEL’), pleaded guilty in the UK in Southwark Crown Court on 18 March 2010 to charges brought under section 1 of the Criminal Law Act 1977 of conspiring to give or agree to give corrupt payments (contrary to section 1 of the Prevention of Corruption Act 1906) to Government Officials in Indonesia as inducements to secure, or as rewards for having secured, contracts with the Indonesian Government for the supply of TEL
