From Sarah Streicker in Mondaq.com. Note: You do have to subscribe for this service. This is related to a earlier post on Monday.
"The investigation and prosecution of violations of the Foreign Corrupt Practices Act (FCPA), a statute targeting bribery of foreign officials, is a top priority of the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC). The FCPA provides no private right of action. As a result, commercial litigation based on claims of US companies engaging in corrupt practices abroad have been rare & until now. In the past two months, at least two civil lawsuits have been filed in the United States that contain allegations of foreign bribery against companies doing business in the United States which, if true, would violate the FCPA. These civil lawsuits will almost certainly attract the attention of DOJ and SEC investigators and could lead to criminal investigations."
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