Partner Rohan Virginkar was quoted in “Telia’s No-Monitor FCPA Deal Could Be A Model,” published in Law360, about Swedish telecommunications firm Telia Co. AB’s recent settlement with the federal government over foreign bribery allegations. The nearly $1 billion settlement did not require the company to hire a corporate monitor, a requirement typically seen in other FCPA settlements. Telia did, however, terminate the employment of all personnel directly involved in the alleged misconduct.
Virginkar said the no-monitor aspect of the settlement reflects past Department of Justice pronouncements. “This case is tangible evidence of what the department has been saying for some time: Where a company has taken meaningful steps, the government won’t insist on a monitor,” he said.
Virginkar said the no-monitor aspect of the settlement reflects past Department of Justice pronouncements. “This case is tangible evidence of what the department has been saying for some time: Where a company has taken meaningful steps, the government won’t insist on a monitor,” he said.
Related News
June 20, 2025
In the News
Brian Wheeler and Lyman Thai Comment on Private Equity's Entry into Niche Sports
Foley & Lardner LLP partners Brian Wheeler and Lyman Thai described private equity's growing investments in niche sports in the Pensions & Investments article, "Ares Management buys minority stake in French sailing team."
June 16, 2025
In the News
Gregory Husisian on Customs Compliance Violations – 'It's a sharply increased risk profile'
Foley & Lardner LLP partner Gregory Husisian joined the SupplyChainBrain Thought Leaders episode, "Getting Ahead of Customs Compliance Violations," to describe the heightened risk environment importers face under the current trade and regulatory regime.
June 11, 2025
In the News
Foley Named Top US Firm for IP Lateral Hires by ManagingIP
Foley & Lardner LLP was named the top United States firm for intellectual property lateral partner hires in April and May 2025 based on data from ManagingIP's Talent Tracker.