On June 21st, Judge Paul Crotty largely denied a motion to dismiss in Richman v. Goldman Sachs Group, Inc. (S.D.N.Y.), private litigation surrounding the same CDOs that were the subject of the SEC’s famous enforcement action against Goldman in 2010. While many of the plaintiffs’ claims survived to reach discovery, the court rejected one: a… Continue Reading
Monthly Archives: July 2012
Even Domestic Bribery Falls within the SEC’s Jurisdiction
Posted in Accounting Fraud, FCPAMuch ink has been spilled in recent years discussing the SEC’s and Justice Department’s focus on the Foreign Corrupt Practices Act, a law that prohibits paying bribes to foreign government officials. While the federal criminal code has provisions prohibiting bribery of domestic public officials, see 18 U.S.C. § 201, domestic bribery has rarely been a… Continue Reading