Top FCPA Recoveries of 2023

The Foreign Corrupt Practices Act (FCPA) bars payments to foreign officials for any kind of business advantage, such as securing government contracts or other kinds of favorable business treatment.  The statute covers any form of consideration including gifts, meals, travel, and entertainment.  It also imposes strict record-keeping and internal control requirements to prevent falsifying company books and records that might otherwise disguise foreign bribes. Enforcing the FCPA is a perennial...

October 12, 2023

The CFTC has awarded more than $18 million to a whistleblower.  According to the agency, the whistleblower’s detailed information and significant assistance led to enforcement actions by the CFTC as well as another agency.  CFTC

Constantine Cannon's Wyatt Fore Honored in a Category for the 2023 Antitrust Enforcement Awards by the American Antitrust Institute

Constantine Cannon is pleased to announce that the American Antitrust Institute has honored Wyatt Fore for its 2023 Antitrust Enforcement Awards in the category of “Outstanding Antitrust Litigation Achievement by a Young Lawyer.”  AAI’s Antitrust Enforcement Awards recognize leading practitioners and economists, and recipients will be honored at the AAI Awards Night on November 2, following AAI’s Annual Private Enforcement Conference. This award recognizes Wyatt’s role on the case team...

Constantine Cannon's Ethan Litwin Recognized as One of the Top 500 Litigators in America by Lawdragon

Constantine Cannon is pleased to announce that Ethan Litwin has again been named as one of the Top 500 litigators in America by Lawdragon in its “2024 Lawdragon 500 Leading Litigators in America” list. According to Lawdragon, this annual list recognizes top attorneys who represent corporations in cases involving, among other areas, antitrust, financial and securities litigation, intellectual property, and commercial real estate. Mr. Litwin is a partner in the...

September 27, 2023

The CFTC has awarded more than $300,000 to a whistleblower whose tip led to an investigation and whose aid led to a successful enforcement action. The whistleblower’s information was described as particularly informative and precise, and helped save the agency substantial resources.  CFTC

September 19, 2023

Two whistleblowers who provided significant information and assistance to the CFTC has been awarded over $15 million for aiding in successful enforcement actions.  According to the agency, one whistleblower interpreted key evidence and helped identify new lines of inquiry, while the second whistleblower provided information that launched the investigation, provided a corroborating witness, and provided a declaration in support.  CFTC

Constantine Cannon Attorney Chris McLamb Recognized in “Lawdragon 500 X – The Next Generation” List

Constantine Cannon is pleased to announce that attorney Chris McLamb has been named to Lawdragon’s “2023 Lawdragon 500 X – The Next Generation” list. According to Lawdragon, this inaugural list recognizes top attorneys who “will define where the legal profession of our country goes.”  During its selection process, Lawdragon conducted hundreds of hours of research on thousands of candidates.  The final list features attorneys from a broad array of practices...

Beware of Salty Snacks and Candy Containing THC

On Wednesday (July 5), the FTC and FDA jointly issued cease and desist letters to several companies selling various food products containing THC, the key psychoactive ingredient in marijuana.  In announcing the enforcement action, the government made it clear the problem is not the sale of these products.  It is how they are selling them, which according to the agencies is in almost identical packaging to many snacks and candy...

Six Constantine Cannon Attorneys Recognized in “2023 Lawdragon 500 Leading Plaintiff Financial Lawyers” Edition

Constantine Cannon is pleased to announce that six of its attorneys have been named to Lawdragon’s “500 Leading Plaintiff Financial Lawyers” list. According to Lawdragon, this annual list recognizes the top attorneys in the nation who represent plaintiffs in securities and other business litigation, antitrust, whistleblower claims, and increasingly complex financial litigation and data privacy invasions. The list of Constantine Cannon honorees includes a diverse group of deeply-experienced attorneys in...

February 16, 2023

Derivative clearing organization (DCO) The Options Clearing Corporation (“OCC”) has been ordered to pay $17 million to the SEC and $5 million to the CFTC for its failure to establish, implement, maintain, and enforce policies and procedures to manage operational risks related to its automated systems, in violation of numerous rules and regulations, including the Commodity Exchange Act and CFTC regulations called DCO Core Principles.  Due to those deficiencies, between...