No charges brought in Allianz bribery investigation
The U.S. Department of Justice (DOJ) has closed its foreign bribery investigation into Allianz SE without bringing charges, according to Reuters.
February 22, 2012 at 06:30 AM
1 minute read
The original version of this story was published on Law.com
The U.S. Department of Justice (DOJ) has closed its foreign bribery investigation into Allianz SE without bringing charges, according to Reuters.
The investigation centered on a whistleblower's allegations that the company violated the Foreign Corrupt Practices Act (FCPA) while selling its insurance products in Indonesia. The act forbids U.S.-linked companies from paying bribes to foreign government officials. As Allianz no longer trades on the New York Stock Exchange, the Justice Department's case could have been difficult to prove even if charges had been filed.
Last year, the financial services firm was cleared in a U.S. Securities and Exchange Commission (SEC) investigation into allegations of bribery at one of its private equity investments. Allianz isn't completely in the clear though: The company reportedly may pay between $7 million and $10 million to the SEC to settle another investigation into the current bribery case.
Read more at Reuters.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
Senators Grill Visa, Mastercard Execs on Alleged Anticompetitive Practices, Fees
Trump's SEC Likely to Halt 'Off-Channel' Texting Probe That's Led to Billions in Fines
Trump Likely to Keep Up Antitrust Enforcement, but Dial Back the Antagonism
5 minute read
FTC Sues Cash-Advance Fintech Dave, Says It Deceives the 'Financially Vulnerable'
Trending Stories
- 1Jury Finds Dentons, Ex-Partner Beats Malpractice Claim Over $54 Million Currency Deal
- 2Former Cahill Executive Committee Member, Leveraged Finance Pioneer Dies at 67
- 3State Attorney General Faces Federal Courtroom Test Over Crypto Mining Ban
- 4The Corporate Transparency Act: One Year Later With Deadline Looming
- 5Getting Cameras in Federal Courts Will Take More than Logic
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
