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.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 185

Cosmetics company agrees to pay US$135m to settle FCPA claims
  • Mayer Brown LLP
  • USA
  • May 8 2014

On May 1, 2014, it was announced that Avon Products, Inc., reached a settlement with US regulators over a long-standing federal probe into whether


Securities fraud defendant rebuts fraud-on-the-market presumption of reliance
  • Mayer Brown LLP
  • USA
  • March 11 2013

With all of the attention on last week's Amgen decision, another interesting decision addressing the fraud-on-the-market presumption of reliance in


New Regulation on Angolan Compliance Legislation
  • Mayer Brown - Tauil & Chequer
  • Brazil
  • July 5 2016

The Board of Directors for the Capital Markets Commission of Angola recently approved Regulation No. 42016, which establishes conditions and


Eleventh Circuit is first US appeals court to define “instrumentality” of a foreign government under the Foreign Corrupt Practices Act
  • Mayer Brown LLP
  • USA
  • May 19 2014

The US Court of Appeals for the Eleventh Circuit has provided useful guidance on the meaning of the term "instrumentality" as used in the Foreign


California district court dismisses securities claims against Chinese corporation for failure to plead falsity
  • Mayer Brown LLP
  • USA
  • December 21 2011

On November 30, 2011, Judge John A. Kronstadt of the US District Court for the Central District of California dismissed a putative class action brought by shareholders of China Century Dragon Media based on the inconsistencies between revenue and profit figures reported to the US Securities and Exchange Commission (SEC) and the Chinese State Administration for Industry and Commerce (SAIC


A quick look at the new SFC guidelines on disclosure of inside information
  • Mayer Brown LLP
  • Hong Kong
  • June 18 2012

Hong Kong’s new statutory price sensitive informationinside information disclosure regime (PSI Disclosure Regime) will take effect on 1 January 2013


Rejection of settlement with SEC may affect SEC’s securities fraud settlement policy
  • Mayer Brown LLP
  • USA
  • November 30 2011

Earlier this week, a federal district court judge in Manhattan rejected a proposed $285 million settlement between the US Securities Exchange Commission and Citigroup in a mortgage-backed securities matter


The Securities and Futures Ordinance - guidelines for dealing with an on-site investigation conducted by the SFC at a company’s premises
  • Mayer Brown LLP
  • Hong Kong
  • February 11 2011

The Securities and Futures Ordinance (Cap. 571) (SFO) empowers the Securities and Futures Commission (SFC) to enter business premises of corporates and residential premises of employees (or any subjects of an investigation) to search for documents and information relevant to an investigation, copy or confiscate relevant materials, and conduct questioning of individuals (which may be conducted on the spot or by serving a formal notice on such individuals setting out the date and place of the interview


Auction rate securities (ARS) fraud claim against Merrill Lynch dismissed for failure to allege causation adequately
  • Mayer Brown LLP
  • USA
  • January 3 2011

In early December 2010, Judge Preska of the Southern District Court of New York dismissed federal claims against Merrill Lynch and other related parties based on the plaintiffs' failure to adequately plead that alleged misstatements and manipulative conduct proximately caused plaintiffs' losses


SEC solicits comments on effect of whistleblower bounty program on existing corporate compliance programs
  • Mayer Brown LLP
  • USA
  • October 26 2010

The Dodd-Frank Act's new whistleblower provision - which entices would-be whistleblowers who provide "original information" leading to a recovery of $1 million or more in any resulting enforcement action with up to 30 percent of the total amount collected - has become a cause for concern for the architects of corporate compliance programs