SEC Charges Amec Foster Wheeler Limited With FCPA Violations Related To Brazilian Bribery Scheme

SEC

The Securities and Exchange Commission today announced charges against Amec Foster Wheeler Limited (Foster Wheeler) for violations of the Foreign Corrupt Practices Act (FCPA) arising out of a bribery scheme that took place in Brazil. As part of coordinated resolutions with the SEC, the U.S. Department of Justice, the Brazil Controladoria-General da Uniᾶo (CGU)/Advocacia-Geral da Uniᾶo (AGU) and the Ministério Publico Federal (MPF), and the United Kingdom Serious Fraud Office (SFO), the company has agreed to pay more than $43 million related to this scheme, including more than $10.1 million to settle the SEC's charges. read more »

Juul to Pay $40 Million to Settle N.C. Vaping Case

NEW YORK TIMES

Juul has agreed to pay North Carolina $40 million to settle the first of a spate of lawsuits brought by states that claimed the company’s marketing practices fueled widespread addiction among young people to its high-nicotine e-cigarettes. read more »

Johnson & Johnson to pay $230m to settle opioid claim

BBC

US drugs giant Johnson & Johnson is to pay $230m (£165m) to settle claims it fuelled an opioid addiction crisis in New York State. read more »

U.K. regulator cracks down on Binance, the world’s biggest cryptocurrency exchange

WASHINGTON POST

A top financial regulator in Britain has ordered Binance, the world’s biggest cryptocurrency exchange, to cease regulated activity in the country, the latest move by a world government to limit crypto-related businesses. read more »