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On January 17, 2023, the Department of Justice (DOJ), Criminal Division, announced it has reassessed and strengthened its Corporate Enforcement Policy, which applies to all corporate criminal matters...

In 2017, Aegerion Pharmaceuticals agreed to plead guilty to two misdemeanor misbranding violations and paid more than US$35 million to resolve criminal and civil liability relating to patient and reimbursement support and the promotion of its cholesterol drug, Juxtapid.

On May 10, 2011, a federal district court judge took the rare action of acquitting former GlaxoSmithKline ("GSK") in-house counsel Lauren Stevens of all criminal charges at the close of the government’s case.

Last week, members of the House Judiciary Committee introduced a package of bills aimed at criminal justice reform.

The U.S. Department of Justice has unveiled a major expansion of its fraud-enforcement capabilities through the newly established National Fraud Enforcement Division, which is rapidly scaling to approximately 500 attorneys and staff. This restructured division will leverage advanced data analytics and cross-agency coordination to pursue five key priority areas: public trust and financial integrity, health care fraud, tax enforcement, global trade violations, and corporate misconduct.

A summary of a number of ongoing FCPA litigations.

Reversing Convictions, Second Circuit Clarifies Scope of Tippee’s Required Knowledge in Insider Trading Cases

In a widely anticipated decision, the Second Circuit on Wednesday clarified the standard for insider trading actions against tippees, downstream recipients of inside information who trade on that information.

The SEC has recently announced that it had entered into a non-prosecution agreement with Ralph Lauren Corporation, thus avoiding prosecution for violations of the Foreign Corrupt Practices Act.

Aerospace and defence companies, foreign intermediaries and anti-corruption legislation are back in the spotlight.

False Claims Act Cases Continue to Be a Priority of DOJ.

Kevin Loughrin was prosecuted for stealing and altering checks, using them to purchase items at retail stores, and then returning the items to the stores for cash.

The Seventh Circuit recently issued a decision interpreting the anti-retaliation provisions of the FCA. The decision provides important clarifications about how courts may interpret recent amendments to this provision.

The USAM revisions add a number of policies that strengthen DOJ's pursuit of individuals for alleged corporate wrongdoing.

On Sept. 27, 2010, a new rule of the Financial Industry Regulatory Authority, Inc. (FINRA), FINRA Rule 6490, became effective requiring issuers of non-exchange listed equities and debt securities to provide timely notice to the FINRA of certain corporate actions.

On Monday 13 March the Financial Times, in an article titled 'UK economic crime agencies given fitness test', reported on comments made by the Home Secretary, Amber Rudd, alluding to a review of the agencies tasked with tackling financial crime.

On July 22, the Securities and Exchange Commission (SEC) commenced an enforcement action against Maynard L. Jenkins, former chief executive officer of CSK Auto Corporation, under Section 304 of the Sarbanes-Oxley Act of 2002 (SOX) to recover more than $4 million that he had received in bonuses and stock sales profits while CSK was allegedly committing accounting fraud.

Directors and officers of banks, already under scrutiny from the regulators and law enforcement agencies traditionally charged with examining their actions, should take heed of a new player on the scene: the Office of the Special Inspector General for the Troubled Asset Relief Program.