US SEC: SEC Charges Two Global Tobacco Companies With Bribery | TradingMarkets.com
The Securities and Exchange Commission today charged two global tobacco companies with violations of the Foreign Corrupt Practices Act (FCPA) for paying more than $5 million in bribes to government officials in Thailand and other countries to illicitly obtain tobacco sales contracts. The SEC alleges that Richmond, Va.-based Universal Corporation Inc. and two competitors who have since merged to form... [Read more of this post]
Merck Is Subject of U.S. Bribery Inquiries – NYTimes.com
Two federal agencies are investigating the drug maker Merck related to antibribery laws, the company acknowledged on Monday. Merck, one of the world’s largest drug companies by revenue, said in a regulatory filing on Friday that it had received inquiry letters from the Justice Department and the Securities and Exchange Commission. The letters “seek information about activities in a number of countries... [Read more of this post]
VIDEO: Skype To File for IPO
Internet phone-calling giant Skype has filed regulatory papers for an initial public stock offering of up to $100 million. According to Giga Om and others, Skype will be selling American Depositary Shares that trade on the NASDAQ Global Market. The Associated Press reports Skype did not say when shares would be available or at what price. Read More →
Court Grants Defendant’s Motion for Entry of Clawback Provision : Electronic Discovery Law
Rajala v. McGuire Woods LLP, 2010 WL 2649582 (D. Kan. July 22, 2010) Plaintiff, as Bankruptcy Trustee, brought suit against defendant, alleging several claims. The parties could not agree on the entry of a clawback provision. Accordingly, defendant moved the court to enter such a provision. Upon establishing its authority to enter such an order pursuant to Fed. R. Civ. P. 26(c)(1) and analysis... [Read more of this post]
HP CEO Mark Hurd resigns after sexual-harassment probe – USATODAY.com
Hewlett-Packard said Friday that CEO Mark Hurd is stepping down following a sexual-harassment probe that found other violations of company standards. The abrupt resignation shocked Silicon Valley and could sidetrack the tech powerhouse’s recent resurgence. HP, the world’s No. 1 PC maker and printer company, says Hurd, 53, resigned after the investigation into a sexual-harassment claim... [Read more of this post]