King Quoted on Growing FCPA Risks of Expanding Tech Companies
26 November 2007The RecorderNews
Explaining the widening net cast by the DOJ in enforcing the FPCA and its threat to globally expanding tech companies, The Recorder (November 26, 2007) quotes Silicon Valley Foley Partner Ivonne Mena King, who warns of the DOJ's declared focus on industry-wide investigations in all industry sectors. Citing recent notable tech company FCPA prosecutions (Vetco Gray and Paradigm B.V.), Ms. King suggests that private equity owners might be coming under increasing scrutiny. Thorough due diligence in any global matter is the most reliable approach. Anti-corruption programs within the company are also important and cast the company in a much more favorable light, should they come under investigation.