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Results: 1-10 of 21,899

SFO recovers dividends paid to parent company
  • Hogan Lovells
  • United Kingdom
  • February 1 2012

When the Bribery Act came into force last July, it is fair to say it caused some consternation about not only how to implement procedures to avoid conviction but also how it would be enforced


Director of Public Prosecutions to develop a prosecution policy for UK prosecutors in relation to offences committed by journalists under the Bribery Act and other statutes
  • McGuireWoods LLP
  • United Kingdom
  • February 9 2012

Today it was reported in the UK’s Daily Telegraph newspaper that the Director of Public Prosecutions, Mr Keir Starmer, is developing an interim policy for prosecutors which will give them guidance as to the factors which they should take into consideration when deciding whether or not to prosecute journalists acting in the course of their work as journalists


Wall crossings and insider dealing Financial Services Authority levies the second highest ever fine against Greenlight Capital hedge fund trader David Einhorn
  • Hogan Lovells
  • United Kingdom
  • February 1 2012

On 12 January 2012, the Financial Services Authority ("FSA") levied its second highest ever fine of £3,638,000 against US hedge fund trader David Einhorn and a fine of £3,650,795 against Greenlight Capital Inc for market abuse


Fraud agency warns businesses to monitor overseas subsidiaries
  • Baker & McKenzie
  • United Kingdom
  • February 1 2012

The UK's Serious Fraud Office (SFO) has sent a strong message to multi-national businesses that they must satisfy themselves of the business practices of their overseas subsidiaries or face confiscation of dividends


RMBS rapid response team
  • Winston & Strawn LLP
  • USA
  • February 3 2012

In his State of the Union address to the nation last week, President Obama announced the creation of the Residential Mortgage-Backed Securities Working Group (“the Working Group”


Over a million reasons not to violate the securities laws
  • Gardere Wynne Sewell LLP
  • USA
  • February 9 2012

We had occasion to review the civil and criminal penalties for violating SEC regulations and the Sarbanes-Oxley Act of 2002 and thought a quick post may serve to remind our readers of the severity of securities law violations


Medical device industry remains in US government's crosshairs for foreign bribery enforcement
  • Dentons
  • USA
  • February 8 2012

On February 6, 2012, Smith & Nephew plc, a UK-based medical device company traded on the New York Stock Exchange, and its US subsidiary, Smith & Nephew Inc., agreed to pay $22.2 million to resolve investigations by the US Department of Justice ("DOJ") and Securities and Exchange Commission ("SEC") into possible violations of the Foreign Corrupt Practices Act


SEC reminds investment advisers of social media risks; charges an investment adviser for abuse of LinkedIn
  • Day Pitney LLP
  • USA
  • February 8 2012

The SEC recently charged an Illinois-based investment adviser with offering to sell fictitious securities on LinkedIn


John Joseph O’Shea acquitted of all substantive FCPA counts
  • Squire Patton Boggs
  • USA
  • February 6 2012

Following the close of the prosecution’s case on a trial for charges arising under the Foreign Corrupt Practices Act (“FCPA”), John Joseph O’Shea (“O’Shea”) was acquitted of all substantive FCPA counts, with the court (Southern District of Texas) finding that O’Shea’s conduct could be reasonably explained by lawful motives


Changes to the market abuse regime for Irish-listed funds
  • McCann FitzGerald
  • Ireland
  • February 8 2012

The purpose of this briefing is to inform you of the impact that the unwinding of the delegation arrangements between the Central Bank of Ireland (the “Central Bank”) and the Irish Stock Exchange Limited (the “ISE”) will have on investment funds listed on the ISE’s Main Securities Market (the “MSM”