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Results: 1-10 of 199

New Securities and Commodities Fraud Section created by Chicago-based US attorney
  • Mayer Brown LLP
  • USA
  • April 22 2014

Zachary Fardon, the recently appointed US Attorney for the Northern District of Illinois, has announced the creation of a new Securities and


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


FCPA update: mid-year 2013
  • Mayer Brown LLP
  • USA
  • August 13 2013

Continuing a seven-year trend, 2013 has seen a continued surge in activity on the Foreign Corrupt Practice Act ("FCPA") front, both with respect to


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


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


US SEC proposes rule prohibiting fraud, manipulation and deception in connection with security-based swaps
  • Mayer Brown LLP
  • USA
  • November 8 2010

Pursuant to the authority contained in Section 763(g) of the Dodd-Frank Act, the US Securities and Exchange Commission (SEC) in Release 34-63236 has proposed a new Rule 9j-1 under the Securities Exchange Act of 1934, as amended (Exchange Act


SEC to enhance fraud detection and enforcement efforts by centralizing tip-gathering and analysis functions
  • Mayer Brown LLP
  • USA
  • November 3 2010

The US Securities and Exchange Commission (SEC) is bolstering its tip-gathering and analysis capabilities in an effort to enhance its investigative and enforcement abilities


Infineon Technologies agrees to $6 million settlement in criminal price-fixing case post-Morrison
  • Mayer Brown LLP
  • USA
  • July 1 2011

On June 20, 2011, following seven years of litigation, Infineon Technologies AG reached a $6.2 million settlement with investors in a securities fraud class action based on the company’s admission that it participated in an illegal price-fixing conspiracy


US Securities and Exchange Commission settles its first whistleblower anti-retaliation case
  • Mayer Brown LLP
  • USA
  • June 27 2014

The US Securities and Exchange Commission (SEC or the Commission) has announced a $2.2 million settlement in the Commission's first whistleblower


Can securities fraud defendants rebut price impact to avoid class certification?
  • Mayer Brown LLP
  • USA
  • May 30 2013

In Section 10(b) securities-fraud cases based on affirmative misrepresentations, a class action cannot be certified unless investor reliance is