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Shareholder Litigation for Waste of Corporate Assets in Internal FCPA Investigations  

Author:  Benjamin Galdston.

Source: Volume 51, Number 08, April 15 2018 , pp.93-95(3)

Review of Securities & Commodities Regulation

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Despite the fact that there is no private right of action under the FCPA, shareholders have brought derivative and class action claims against companies and their executives for allowing violations to occur and incurring the large costs of investigating alleged misdeeds. The author discusses several such cases and the Department of Justice’s new FCPA policy.

Keywords: Avon; 28 U.S.C. §1331; In re VEON Ltd. Securities Litigation

Affiliations:  1: Bernstein Litowitz Berger & Grossmann LLP.

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