Foreign Corrupt Practices Act

McDermott Expands Litigation Practice, Eyes White-Collar and Government Investigation Growth Opportunities

Retrieved on: 
Thursday, March 14, 2024
McDermott Will & Emery, Government, Corruption, New York Law Journal, Sagar, Drug Enforcement Administration, Justice minister, Risk, Operation Car Wash, United States Attorney, Ethics, SDNY, History, Artificial intelligence, FCA, AI, Chambers and Partners, Security (finance), Foreign Corrupt Practices Act, DOJ, False Claims Act, Publication, Tourism, Fraud, FCPA, International law, Private investigator

WASHINGTON, March 14, 2024 /PRNewswire/ -- International law firm McDermott Will & Emery continues to add top talent to its Litigation Practice Group, announcing the following new hires who focus on Foreign Corrupt Practices Act (FCPA) and False Claims Act (FCA) matters and cybercrime:

Key Points: 
  • "These new hires reflect our commitment to looking around corners and providing new strategies clients can use to get ahead of potential enforcement matters."
  • He has consistently been recognized as a leading FCPA lawyer by publications including Chambers USA, Legal 500 and GIR Just Anti-Corruption.
  • Sagar brings almost a decade of experience as a federal prosecutor to advise companies and individuals facing government investigations and enforcement actions.
  • "We are delighted to welcome these partners to our team, extending our capabilities in FCPA and cyber issues, said Steven Scholes , global head of McDermott's Litigation Practice Group.

New Sanctions Increased by 50% in 2023, Making Third Party Due Diligence Top of Mind for Compliance Teams, According to Diligent

Retrieved on: 
Tuesday, January 23, 2024
Software, Technology, Professional Services, Environmental, Social and Governance (ESG), Record, CSRD, Foreign Corrupt Practices Act, Corporate sustainability, Radar, ESG, Hamas, FCPA, Organization, Synovial joint, Security (finance), Cryptocurrency

The increase in sanctions activity, prompting companies to avoid conducting business with restricted individuals and groups, appears to have resulted in fewer related enforcement cases.

Key Points: 
  • The increase in sanctions activity, prompting companies to avoid conducting business with restricted individuals and groups, appears to have resulted in fewer related enforcement cases.
  • The number of Foreign Corrupt Practices Act (FCPA) enforcement actions stood at only 21 in 2023, compared to 26 the year prior.
  • “With sanctions changing rapidly, it is increasingly important for companies to have robust and transparent compliance processes in place,” said Josh Black, Editor-in-Chief at Diligent.
  • To learn more about how Diligent help organizations stay compliant with its purpose-built due diligence solution, click here .

PIMCO Names Sung-Hee Suh as Global General Counsel

Retrieved on: 
Thursday, November 30, 2023
Organizing, Schulte Roth & Zabel, Pacific Life, Yale Law School, Philosophy, White & Case, Audit committee, Justice, PIMCO, Retirement, White, University, Human, Lawsuit, Harvard Law School, General counsel, Harvard College, Foreign Corrupt Practices Act, Latham & Watkins

NEWPORT BEACH, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with expertise across public and private markets, has named Sung-Hee Suh as Global General Counsel.

Key Points: 
  • NEWPORT BEACH, Calif., Nov. 30, 2023 (GLOBE NEWSWIRE) -- PIMCO, a global leader in active fixed income with expertise across public and private markets, has named Sung-Hee Suh as Global General Counsel.
  • David joined PIMCO as Global General Counsel in 2006, after prior roles as General Counsel and Chief Operating Officer of PIMCO’s parent Allianz Asset Management of America and before that as a partner at the global law firm of Latham & Watkins, specializing in M&A where he first represented PIMCO in its 1994 spinoff from Pacific Life.
  • Sung-Hee Suh is a Managing Director in the Newport Beach office and PIMCO’s General Counsel for Global Regulatory and Litigation.
  • David Flattum is a Managing Director and Global General Counsel of PIMCO, based in Newport Beach, California.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Clear Channel Outdoor Holdings, Inc. - CCO

Retrieved on: 
Monday, November 13, 2023
Channel, Record, NYSE, Foreign Corrupt Practices Act, LLP, Consultant, FCPA, Private sector, Clear, Clear channel, CCO, News, Government, Pomerantz

NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).

Key Points: 
  • NEW YORK, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether Clear Channel and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Pyxus International, Inc. Reports Fiscal Year 2024 Second Quarter Results with Strong Top and Bottom Line Results

Retrieved on: 
Tuesday, November 14, 2023
Sale, EBITDA, Webcast, Pandemic, Reproduction, Heated tobacco product, Security (finance), Foreign Corrupt Practices Act, OTC Markets Group, Visibility, Policastro Bussentino, Annual report, Nationalization, Collection, Pyxus International, Risk, Exercise, Government, Second Half, Tobacco, Weather, Farmer, Table, GAAP, Adjustment, Geography, Death, Growth, Failure, Retail, Video game, Hamas

MORRISVILLE, N.C., Nov. 14, 2023 /PRNewswire/ -- Pyxus International, Inc. (OTC Pink: PYYX) ("Pyxus," the "Company," "we," or "our"), a global value-added agricultural company, today announced results for its fiscal quarter ended September 30, 2023.

Key Points: 
  • Pieter Sikkel, Pyxus' President and Chief Executive Officer, stated, "The momentum we built during the first quarter continued in the second quarter.
  • Second quarter sales and other operating revenues grew by 22.8% to $624.3 million, an increase of $116.0 million over the second quarter of fiscal 2023.
  • Pyxus achieved a gross margin of 14.2% of revenues, which represents a full percentage point of increased profitability over the year-ago second quarter.
  • The Company increased second quarter operating income to $46.3 million as compared to $27.1 million in the prior year's second quarter.

White Collar Defense Partner Joins Growing Dallas Office

Retrieved on: 
Tuesday, November 7, 2023
Chambers and Partners, Security (finance), Blank, Investigation, Food, Financial Industry Regulatory Authority, Blank Rome, Foreign Corrupt Practices Act, Department of Defense Office of Inspector General, Legalease Ltd., Human services, D Magazine, Health, State bureau of investigation, Federal Bureau of Investigation, Justice, Chambers, COVID-19, Telehealth, Secret Service, ESOP, Southern Methodist University, Emory University, White collar, New Hampshire Department of Justice, Barrett, 1922 Bulgarian war criminal prosecution referendum, Accounting, Corruption, False Claims Act

Dallas, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that Barrett R. Howell has joined the firm’s Dallas office as a partner in the White Collar Defense & Investigations group.

Key Points: 
  • Dallas, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Blank Rome LLP is pleased to announce that Barrett R. Howell has joined the firm’s Dallas office as a partner in the White Collar Defense & Investigations group.
  • Barrett has been defending companies and individuals in high-stakes white collar criminal fraud investigations, prosecutions, and civil enforcement actions for over two decades.
  • “We are excited to welcome Barrett to our Dallas office,” said Grant S. Palmer , Blank Rome’s Chair and Managing Partner.
  • “Barrett is a great addition to the white collar team,” said Jerry D. Bernstein , Partner and Co-Chair of the firm’s White Collar Defense & Investigations group.

Manatt Adds Former United States Attorney for the Southern District of California and Unveils San Diego Office

Retrieved on: 
Tuesday, November 7, 2023
Consulting, Professional Services, Legal, Computer security, University, Government, Consumer protection, Foreign Corrupt Practices Act, United States Court of Appeals for the Ninth Circuit, FCPA, Economics, Imperial, Manatt, Phelps & Phillips, Wilson, Fraud, Health care, Tom, Lawyer, Private practice, California Western School of Law, Environment, Growth, LLP, White collar, Consultant, Intellectual property, Privacy, San Diego County District Attorney, Land use, False Claims Act, Private investigator

With extensive experience that spans the private and public sectors, Grossman most recently served as the United States Attorney for the Southern District of California.

Key Points: 
  • With extensive experience that spans the private and public sectors, Grossman most recently served as the United States Attorney for the Southern District of California.
  • “Randy’s arrival is an important expansion of our litigation powerhouse team, led by stellar trial attorney and former public defender Naeun Rim and Partner Charles Weir .
  • As the U.S. Attorney for the Southern District of California, he was the chief federal law enforcement official responsible for prosecuting federal crimes committed throughout San Diego and Imperial counties as well as for representing the United States in civil litigation.
  • The new San Diego space, which establishes the Firm’s 11th location nationwide and its sixth in California, is the latest example of these efforts.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Clear Channel Outdoor Holdings, Inc. - CCO

Retrieved on: 
Sunday, November 5, 2023
Foreign Corrupt Practices Act, NYSE, Government, FCPA, CCO, News, Maintenance, Clear, Pomerantz, LLP, Private sector, Record, Consultant, Clear channel, Channel, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.

NEW YORK, Nov. 05, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).

Key Points: 
  • NEW YORK, Nov. 05, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether Clear Channel and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Clear Channel Outdoor Holdings, Inc. - CCO

Retrieved on: 
Friday, October 27, 2023
Foreign Corrupt Practices Act, NYSE, Prior, Government, FCPA, News, Maintenance, Clear, Pomerantz, LLP, Private sector, Record, Consultant, Clear channel, Channel, Hilltop Holdings Inc.

NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).

Key Points: 
  • NEW YORK, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Clear Channel Outdoor Holdings, Inc. (“Clear Channel” or the “Company”) (NYSE: CCO).
  • Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext.
  • The investigation concerns whether Clear Channel and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Oshkosh Corporation Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023
Engineering, EV, Electric Vehicles, Aerospace, Manufacturing, Other Transport, Automotive, Trucking, Machinery, Air, Defense, Transport, Other Defense, Other Automotive, Other Manufacturing, Sale, Disposable household and per capita income, Air travel, Foreign Corrupt Practices Act, AeroTech, Weather, Security (finance), United, NYSE, Public expenditure, Corporation, Form, News, International airport, Federation, Atmosphere, Acquisition, Oshkosh Corporation, Vocation, Tax, Common stock, Family of Medium Tactical Vehicles, Growth, Webcast, Natural borrowing limit, Pandemic, Family, Investment, Collection, Map, JBT, Mail, United States Department of Defense, Retail, Arms industry, Video game, Access

Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.

Key Points: 
  • Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.
  • Consolidated operating income in the third quarter of fiscal 2023 increased 118.9 percent to $256.5 million, or 10.2 percent of sales, compared to $117.2 million, or 5.7 percent of sales, in the third quarter of fiscal 2022.
  • Adjusted1 operating income in the third quarter of fiscal 2023 was $276.3 million, or 11.0 percent of sales, compared to $126.9 million, or 6.1 percent of sales, in the third quarter of fiscal 2022.
  • The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its third quarter results and its fiscal 2023 outlook.