The Second Circuit Court of Appeals affirmed the district judge’s post-conviction dismissal of FCPA counts against Lawrence Hoskins, a former Alston executive, for his involvement in a bribery scheme to secure a $118 million energy contract in Indonesia. The Hoskins FCPA case has had a long and tortious path through the court system. The Second Circuit’s decision, which was decided by a 2-to-1 majority, ended with a fractured court decision that raised more questions than provided answers. The majority decision appeared to reflect a pre-ordained decision searching for legal and factual arguments to support the resolution. Indeed, the dissent presented a cogent and more defensible position. In this episode, Michael Volkov reviews the Second Circuit’s decision.
Day: September 2, 2022
Welcome to From the Editor’s Desk, a podcast where co-hosts Tom Fox and Kyle Brasseur, EIC at Compliance Week, unpack some of the top stories which have appeared in Compliance Week over the past month, look at top compliance stories upcoming for the next month, talk some sports and generally try to solve the world’s problems.
In this month’s episode, we look back at top stories in CW from August around the first CCPA enforcement action, the PCAOB deal with China on audits of Chinese companies listed on the NYSE, and potential bank fines for ephemeral messaging apps. We previewed some upcoming CW events, including the ESG virtual event, CW 2022 in Europe, which will be held in Scotland, and the virtual 3rd Party Risk conference, scheduled for December.
We conclude with a look at some of the top sports stories, including a look at the Deshaun Watson resolution and debate whether it could have been handled any worse by the NFL and Browns; Tom Brady leaves the Bucs for 10 days during the preseason; and what does this mean for the regular season? Ichiro and what is greatness?
In today’s edition of Daily Compliance News:
- Healthcare is a dangerous business in Russia. (WSJ)
- Big tech is moving production out of China. (NYT)
- Najib’s wife gets 10 years for her role in 1MBD. (Al Jazeera)
- JPMorgan German offices searched in trading scandal investigation. (Reuters)
