At a hearing on a motion to dismiss an SEC Foreign Corrupt Practices Act (FCPA) action against a foreign company and its executives, the SEC argued jurisdiction was proper because the company's stock is listed on U.S. exchanges, the company files with the SEC and the foreign executives purposefully directed conduct at the United States, namely, "conscious, direct action toward falsifying an SEC filing." The executives, Hungarian nationals who resided and worked outside the United States during the period alleged in the complaint, argued that they had insufficient ties to the United States and that the alleged scheme to bribe officials in Macedonia and Montenegro occurred entirely overseas. The motion is currently under advisement in the U.S. District Court for the Southern District of New York. To read more about the issues in this case, click here.