Judge Tosses FCPA Conviction of California Company As Battle for Reform Continues
By Todd Roberson on 12/02/2011 @ 10:48 PM
There was some interesting news regarding the Foreign Corrupt Practices Act (FCPA) this week as a federal judge in Los Angeles dismissed the Department of Justice's first-ever conviction of a corporation under FCPA due to "flagrant" misconduct and "reckless" disregard to comply with its duties. The defendant was Lindsey Manufacturing, an Azusa, CA-based company that makes emergency electricity towers. Read the Wall Street Journal's coverage here.
The dismissal of the conviction comes at an interesting time as debate over the problems with enforcing FCPA continues, as the Wall Street Journal also reported earlier this week (read about it here).
Also note our previous blogs on the FCPA and the need for reform here and here.
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