Michael Sommer and Moe Fodeman of Wilson Sonsini Goodrich & Rosati (Photo: Courtesy Photo) After a Wild 4-Year Ride, Wilson Sonsini Duo Has $136M in Proof that Foreign Bribery Isn't a Victimless Crime
Moe Fodeman and Michael Sommer at Wilson Sonsini convinced a federal judge in Brooklyn to order hedge fund manager Och-Ziff Capital Management Group to pay restitution to clients who lost mining rights in a judicial bribery scandal in the Democratic Republic of the Congo.
November 05, 2020 at 07:30 AM
6 minute read
The original version of this story was published on Litigation Daily
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To anyone who might have the notion that foreign bribery is a victimless crime, take note: U.S. District Judge Nicholas Garaufis on Wednesday ordered a foreign subsidiary of hedge fund manager Och-Ziff Capital Management Group to pay $138 million in restitution to former shareholders in a company which lost out on mining rights in the Democratic Republic of the Congo due to the fund's role in a judicial bribery scandal in the Central African country.
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