Listening in, SEC work continues, and for the reading stack. It’s all here in the Friday roundup.
As highlighted in this recent post, Herbalife recently disclosed that it is poised to pay $123 million to resolve its long-standing FCPA scrutiny. In a recent investor conference call, John Agwunobi (CEO of the company) stated about the company’s disclosure: “we do believe that it [the disclosure] has freed us of any material, nonpublic information that would have affected our ability to repurchase shares.”
Goes to show that FCPA scrutiny and enforcement are often entwined with other legal issues.