Friday Roundup
30 minute sentence, scrutiny alert, monitors, and silly. It’s all here in the Friday roundup.
30 Minute Sentence
As highlighted here, Larry Puckett, one of several individuals associated with Alstom who was criminally charged in connection with an Indonesian bribery scheme, was recently sentenced. Puckett pleaded guilty, cooperated with the DOJ for many years, and testified for the government at the 2019 Hoskins trial.
Friday Roundup
Scrutiny alerts, sentenced, Odebrecht-related, messaging apps, and for the reading stack. It’s all here in the Friday roundup.
Scrutiny Alerts
Ericsson
At present, the largest net settlement in an FCPA enforcement action is $850 million. (See here).
This may soon be eclipsed as Ericsson recently disclosed:
Friday Roundup
Question to ponder, scrutiny alerts and updates, Caremark, and for the reading stack. It’s all here in the Friday roundup.
Question to Ponder
If publicly-traded companies can put law enforcement to its burden of proof in peer countries, why do publicly traded companies (nearly universally) roll over and play dead when the subject of U.S. law enforcement inquiries?
Friday Roundup
Scrutiny alerts and updates, survey says, and for the reading stack. It’s all here in the Friday roundup.
Scrutiny Alerts and Updates
Credit Suisse
As highlighted in this prior post, Credit Suisse has been under FCPA scrutiny for approximately four years for its hiring practices.
Recently the company disclosed:
Friday Roundup
Is ISO 37001 a flop?, scrutiny alerts and updates, and for the reading stack. It’s all here in the Friday roundup.
Is ISO 37001 a Flop?
Microsoft has been under FCPA scrutiny since March 2013.
This recent blog post by David Howard (Microsoft’s Corporate Vice President & Deputy General Counsel) titled “An Update on Microsoft’s Approach to Compliance” caught my eye. It begins: