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Results: 1-10 of 93

Longest prison sentence yet in FCPA case

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • November 16 2011

On October 26, 2011, Joel Esquenazi was sentenced to 15 years in prison for committing and conspiring to commit both money laundering and violations of the Foreign Corrupt Practices Act (“FCPA”

Cherry-picking & soft dollars

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • August 14 2014

In a decision issued on August 5, 2014 in an administrative proceeding (the "Decision"), J.S. Oliver Capital Management, L.P. And Ian O. Mausner were

Ninth Circuit latest to permit corporate liability under alien tort statute; Supreme Court to resolve circuit split in 2012

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • November 23 2011

In Sarei v. Rio Tinto, PLC, Nos. 02-56256, 02-56390, 09-56381, 2011 WL 5041927 (9th Cir. Oct. 25, 2011), the United States Court of Appeals for the Ninth Circuit became the latest Circuit to hold that corporations may be held liable under the Alien Tort Statute (“ATS”), 28 U.S.C. 1350

Ninth Circuit affirms dismissal with prejudice of Corinthian Colleges securities fraud class action

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • August 5 2008

In Metzler Investment GMBH v. Corinthian Colleges, Inc., 2008 WL 2853402 (9th Cir. July 25, 2008), the United States Court of Appeals for the Ninth Circuit affirmed the dismissal with prejudice of a securities fraud class action, holding that plaintiffs had failed to plead the essential elements of loss causation, scienter and falsity consistent with the requirements of prevailing Supreme Court and Ninth Circuit authority

Arab Bank found liable for transactions under the Anti-Terrorism Act

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 9 2014

On September 22, 2014, a Brooklyn jury found Arab Bank, Jordan's largest lender, guilty of violating the U.S. Anti-Terrorism Act for providing

First Circuit upholds dismissal of securities fraud action based upon immateriality of allegedly omitted information

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • July 27 2012

In In re Boston Scientific Corp. Securities Litigation, 2012 WL 2849660 (1st Cir. July 12, 2012), the United States Court of Appeals for the First Circuit affirmed the dismissal of a securities class action lawsuit against Boston Scientific Corporation (the “BSC”

Sarbanes-Oxley whistleblower protections cover employees of a public company’s private contractors

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • March 25 2014

On March 4, 2014, the United States Supreme Court, in a 6-3 decision, expanded the protections offered to whistleblowers under anti-fraud laws, in

Recent developments in cases dealing with the False Claims Act’s first-to-file and public disclosure bars

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 28 2014

The False Claims Act, 31 U.S.C. 3729-3733, enables whistleblowersalso known as qui tam relators to file fraud suits on

Dodd-Frank whistleblower protection: for America only

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • November 13 2013

The U.S. District Court for the Southern District of New York has held that the whistleblower protection provisions of the Dodd-Frank Act do not

New York's high court rejects attempts to expand liability of outside professional service providers for failing to detect corporate fraud

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • October 27 2010

In Kirschner v. KPMG LLP, 2010 NY Slip Op. 07415, 2010 WL 4116609 (N.Y. Oct. 21, 2010), a majority of the New York Court of Appeals declined to expand liability of outside professional service providers who allegedly failed to detect or stop corporate wrongdoing