Archive for the ‘Halliburton’ Category

Articles

Episode #48

In Africa Sting Case,Avon,Halliburton,Olympus,SEC,Stroz Friedberg,TWIFCPAVideocast on August 3, 2012 by Howard@OpenAir Tagged: , , , , , , , , , , , ,

A busy FCPA week: investigations starting, investigations ending, CEOs asked to come in for interviews, Stroz Friedberg picks up another one, and a rant about CDOs, the financial crisis, and dumb money.

Show notes:

02:47: Investigation of Sensata closes, no charges brought; raises the question of “what’s a declination, exactly?” And how you need M&A diligence.
14:00: WW Grainger publicly announces that they don’t know how to do an internal investigation. That is, they announced that their investigation didn’t find anything. What should you do with gift cards? And why a compliance culture is good for the business.
22:31: Halliburton opens an investigation
26:12: Olympus open an investigation. Into reimbursements to doctors in Brazil. Really? You’re gonna disclose that?
28:04: The importance of integrating companies you buy
33:05: Total SA. Howard goes on a rant, and evidently isn’t a fan of anything French.
40:15: Still on Total SA, but talking about how the investigation is REALLY old, and as someone told me, cases—unlike wine—don’t get better with age. Plus, the blocking statue; plus, the whistleblower laws.
43:03: Avon’s CEO gets called in, and Avon has spent a ton of money. Seriously, if you weighed it, it would weigh a ton.
49:25: Bistrong gets 18 months. Howard feels conflicted.
54:21: Stroz Friedberg shoots…they score! Again. First Scott Peeler, now David Glockner.
56:47: SEC loses Stoker trial. Howard tries to explain what a CDO is (and fails miserably).

Advertisements

Articles

Episode #46

In Halliburton,Noble,Nordam,Qualcomm on July 20, 2012 by Howard@OpenAir

Show Notes:

1:37: Halliburton’s settlement of the shareholder action
3:46: Halliburton messaging requirements
9:36: Halliburton’s audit personnel requirement
13:21: Back to the messaging requirements; should they have set the # of messages
17:54: Qualcomm opens an internal investigation (belatedly)
20:27: Is a Wells Notice something you must disclose
28:08: What happens (or should happen) when you get the first call from the DOJ & SEC
29:31: Are outside auditors going to lawyer up too?
31:46: Nordam penalized, but not too harshly
41:08: Noble executives Mark Jackson and James Ruehlen file their reply briefs
47:40: Do you have to know that what you’re paying is a bribe? To “willfully” bribe? How does that apply to facilitation payments?
57:25: I rant about tolling and the statute of limitations

%d bloggers like this: