Securities
Jul. 17, 2009
Internal Affairs
By instituting strong internal controls, a company will be more likely to defeat actions under the Foreign Corrupt Practices Act, write Mary Carter Andrues and John C. Letteri.
FOCUS COLUMN
By Mary Carter Andrues and John C. Letteri The renewed focus on the Foreign Corrupt Practices Act by the Department of Justice and the Securities and Exchange Commission has fueled a trend by the plaintiffs' bar to file "follow-on" securities class action cases and shareholder derivative suits based on the alleged or admitted violations of the act. Class action and derivative plaintiffs rely on FCPA violations to support claims for s...
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