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On September 14, a Brazilian petrochemical company, agreed to pay its U.S. investors $10 million for concealing its role in a corruption scandal involving a Brazilian multinational corporation in the petroleum industry. The settlement resolves a 2015 lawsuit brought by U.S. investors against the petrochemical company, which alleged the company had misled investors into believing its operations were legitimate. The settlement follows the December 2016 guilty plea by the company and its affiliated construction firm to violating the Foreign Corrupt Practices Act. Together, the companies agreed to pay $3.5 billion in a combined global settlement with U.S., Brazilian, and Swiss authorities.
- Warren W. Traiger to join Woodstock Institute for a discussion on “What’s next for the Community Reinvestment Act? Should race be included?”
- Steve vonBerg to discuss “Too QM or not-2-QM” on LinkedIn with host Ralph Armenta of Computershare Loan Services
- Sherry-Maria Safchuk to discuss “Hot topics in compliance” at 2022 California MBA Legal Issues and Regulatory Compliance conference
- Melissa Klimkiewicz to discuss “New FHA regulations on private flood insurance acceptance” at a CoreLogic Flood Services webinar