It's been a good 12 months for prosecutions of big banks. Credit Suisse pleaded guilty in May 2014 to helping thousands of its wealthy clients evade taxes, paying $2.6 billion in penalties. Roughly a month later, BNP Paribas pleaded guilty to mammoth violations of American economic sanctions that targeted rogue nations. That bank agreed to pay $8.9 billion in fines and penalties. And in coming months, several more U.S. and foreign global banks are expected to plead guilty to manipulating the multitrillion-dollar foreign exchange markets. Clearly prosecutors are on a roll. But these cases all too often deal with misconduct that started many years ago and went on at length undetected.
Tim participated as a panelist discussing FCPA and anticorruption in pharmaceuticals and life sciences at the American Conference Institute (ACI) 10th Advanced Conference on FCPA & Anti-Corruption for the Life Sciences Industry. U.S. and international enforcement authorities have continued their vigorous pursuit of life sciences companies for FCPA and anti-corruption violations, resulting in recent high profile investigations across the globe and heightened government compliance expectations. ACI’s conference provides a forum for the key players - top federal prosecutors, preeminent corporate counsel, and leading FCPA practitioners - to come together for critical networking and benchmarking on how to combat the next wave of global anti-corruption risk factors confronting the industry.
He is a speaker for "Staying on the Right Side of the Law – Using Government Guidelines to Advise and Protect Your Clients". In today’s environment, companies are routinely in the government’s crosshairs.
Stephen Fishbein of Sherman & Sterling, and Steven Feldman of Murphy & McGonigle, discuss the case over a Federal appeals court opting not to re-hear a crucial insider trading case.
In December 2014, the United States Court of Appeals for the Second Circuit issued what has been described as a landmark decision in United States v. Newman. In its decision, the Court vacated the insider trading convictions and sentences of Anthony Chiasson and Todd Newman, two hedge fund professionals convicted of insider trading after trial in federal court in Manhattan. The decision has been greeted by the white collar defense bar as an important repudiation of the Government’s heavy handed pursuit of insider trading.
Securities Industry and Financial Markets Association "Compliance and Legal Division Seminar," "Securities Arbitration," Phoenix, Arizona