Former Siemens Argentina CEO Herbert Steffen and a Hungarian telecommunications executive named Elek Straub have a few things in common.
Both were targeted with Foreign Corrupt Practices Act claims by the U.S. Securities and Exchange Commission over alleged overseas bribes. Both hired Skadden, Arps, Slate, Meagher & Flom to defend them. And both tried to convince federal judges in Manhattan that the court didn’t have personal jurisdiction to hear their case.
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