By: James W. Kraus
The New York Times reports that the more than $3 billion in settlements that the Department of Justice has achieved with companies under the Foreign Corrupt Practices Act (FCPA) since the passage of the act in 1977 have been primarily with foreign companies. The best-known case is that of Siemens, the German global engineering company that paid $800 million to the U.S. and another $800 million to Germany to settle charges that 8 former executives paid $100 million in bribes to Argentine officials to secure a $1 billion contract for Siemens.
Of the top ten settlements, only one company, KBR, the former Kellogg, Brown and Root, a subsidiary of Halliburton, is an American company. However, The Times also reports that of the 78 companies now under investigation for suspected violations of the FCPA, most are American, including Alcoa, Goldman Sachs, Pfizer and Wal-Mart.
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James W. Kraus, of Pietragallo Gordon Alfano Bosick & Raspanti, LLP, has been selected as the recipient of the DRI’s Albert H. Parnell Outstanding Program Chair Award which will be presented during the DRI Annual Meeting on October 17 in Chicago, Illinois. This award honors a program chair who created a dynamic educational program enhancing… Read more »Read More
James W. Kraus has been appointed to serve as the Chair of the Directors and Officers Coverage Subcommittee of the Defense Research Institute’s (DRI) Government Enforcement and Corporate Compliance Committee (GECC). DRI is the largest international membership organization of attorneys defending the interests of business and individuals in civil litigation. The GECC provides opportunities for education… Read more »Read More
Joe Gordon will be presenting at the Greater Valley Forge HR Summit in Malvern, PA on October 25, 2019. Joe’s presentation is titled, “Employee Benefits of the Future – How Legal Developments Will Drive Profound Change.” In his presentation, Mr. Gordon will explore cultural pressures and the evolution of discrimination laws that will have a… Read more »Read More
Pamela Coyle Brecht has been invited to speak on a panel at the Pennsylvania Bar Institute’s “A Day on Health Law” event which is scheduled to take place on Wednesday, October 30, 2019, in Philadelphia. Ms. Brecht will be a part of the program titled “False Claims Act Update.” The number of False Claims Act… Read more »Read More