Nancy Gougarty Archives - FCPA Professor

Friday Roundup

By Mike Koehler on October 11, 2019 in Alejandro Yeatts, Biomet, Braskem SA, Compliance, Compliance Defense, Defamation, Foreign Law Enforcement Cooperation, Frank Roberto Chatburn Ripalda, Nancy Gougarty, Pemex, Related Civil Litigation, Serious Fraud Office, SFO, Westport Fuels Systems

Scratch that trial, scrutiny alert, affirmed, follow-up, Braskem-related, and across the pond. It’s all here in the Friday roundup.

Scratch That Trial

One of the FCPA trials scheduled this Fall (see here for the prior post) involved Frank Chatburn. As highlighted here, in April 2018 Frank Roberto Chatburn Ripalda (a dual United States and Ecuadorian citizen) was criminally charged for conspiring with others for making corrupt payments to PetroEcuador officials in order to obtain and retain contracts for Galileo (described as an Ecuadorian company that provided services in the oil and gas industry) from PetroEcuador.

Westport Fuel Systems Resolves $4 Million FCPA Enforcement Action Based On Transfer Of Shares To A Private Equity Fund In Which A Chinese Official Held An Interest – Former CEO Also Resolves Action

By Mike Koehler on September 27, 2019 in 2019 Enforcement Actions, China, Executive Enforcement Action, Financial Transactions With Foreign Officials, Foreign Issuers, Individual Enforcement Action, Manufacturing Industry, Nancy Gougarty, SEC Enforcement Action, Westport Fuels Systems

In the third corporate Foreign Corrupt Practices Act is less than 24 hours, the SEC announced this afternoon that Westport Fuel Systems (a Canadian company with shares traded on NASDAQ) agreed to pay approximately $4 million for “paying bribes to a foreign government official in China.”

In addition, in connection with the same core conduct, Nancy Gougarty (a U.S. citizen who previously served as Chief Operating Officer and from mid-2016 until early 2019 as the CEO and member of the board of directors) agreed to pay a $120,000 civil penalty.

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Westport Fuel Systems Resolves $4 Million FCPA Enforcement Action Based On Transfer Of Shares To A Private Equity Fund In Which A Chinese Official Held An Interest – Former CEO Also Resolves Action

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