Saturday, February 14, 2009
Grant McCool, Reuters, Indicted NY Lawyer Released on Bail into House Arrest
Hispanic Business.com, PR Wire, Sigue's Commitment to Industry Standard Compliance Program Results in Dismissal of Deferred Prosecution Agreement
Andrea Estes, Boston Globe, Two Top Patrick Aides to Testify - Pair subpoenaed in Cognos probe
Cynthia Burton, Philadelphia Inquirer, Fishman recommended for U.S. attorney in N.J.
Joe Palazzolo, BLT Blog, Judge Holds Prosecutors in Contempt in Stevens Case
Wednesday, February 11, 2009
Bob Keefe, AJC, Peanut Corp. president refuses to testify to Congress
Chisun Lee, Pro Publica, Senators Propose to Expand Financial Fraud Laws
Joe Palazzolo, BLT Blog, Feds Set Sights on 'Gatekeepers' in Fraud Investigations
Jordan Weissmann, BLT Blog, Tejada Pleads Guilty
Lynne Marek, NLJ, law.com, Ex-Illinois Governor Angling to Rehire Defense Attorney
Holbrook Mohr, law.com(AP), Scruggs Pleads Guilty to Mail Fraud
Anne Sutton, law.com (AP), Alaska's Attorney General Resigns in Wake of Troopergate Investigation
According to a DOJ Press Release "Kellogg Brown & Root LLC (KBR), a global engineering, construction and services company based in Houston, pleaded guilty today to charges related to the Foreign Corrupt Practices Act (FCPA) for its participation in a decade-long scheme to bribe Nigerian government officials to obtain engineering, procurement and construction (EPC) contracts. . ." The company plead to a "five-count criminal information" and "agreed to pay a $402 million criminal fine." The company issued a press release that stated that:
"[u]nder the terms of the settlement announced earlier today, KBR will make payments totaling $20 million over the next eight quarters to the DOJ. The information contained in the DOJ and SEC settlements note aggregate financial penalties totaling $579 million. The remainder of the penalties will be paid by Halliburton pursuant to indemnities under the 2006 Master Separation Agreement between KBR and Halliburton."
KBR has also agreed "to retain a compliance monitor to review KBR's continued compliance with anti-corruption laws." See also the FCPA Blog here
Tuesday, February 10, 2009
Check out Marketwatch, NeuroMetrix Resolves Investigation into Past Sales and Marketing Practices for the latest deferred prosecution agreement.
A press release issued by NeuroMetrix tells that "it has reached a resolution with the United States Department of Justice ("DOJ") and the Office of Inspector General ("OIG") of the United States Department of Health and Human Services regarding the previously-disclosed investigation into certain of the Company's past sales and marketing practices relating to its NC-stat System." It looks like a 3.7 million dollar price tag as "the Company has agreed to a $1.2 million payment and the DOJ has agreed not to prosecute NeuroMetrix in return for compliance with the terms of the three-year Agreement." Additionally there is a "civil Settlement Agreement with the DOJ and OIG" for 2.5 million.
Monday, February 9, 2009
Jamie Olis moves to a half-way house today.
Mark Hamblett, NYLJ, law.com, N.Y. Attorney Convicted of Mortgage Fraud
Leo Strupczewski & Peter Hall, Legal Intelligencer, law.com, Rumors Abound That Alleged Case-Fixing Is Target of Pa. Probe
Tracy Green & Ann C. Scheider, Real Estate Fraud -- Ten Individuals Indicted in San Diego Case Relating To Home Foreclosure Services
Sunday, February 8, 2009
Marisa McQuilken, BLT Blog, Cleary Partner David Becker Tapped as SEC GC
DOJ Press Release, Government Contractor Sentenced to 30 Months in Prison on Bribery Charges
Allan Lengel, Ticklethewire.com, New Mexico U.S. Attorney Would Like to Stay
Jesse Westbook & David Scheer, Bloomberg, SEC Said to Consider Khuzami to Lead Enforcement Unit ; Securities Docket, Report: Robert Khuzami Top Candidate to be Next SEC Enforcement Director