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
January 2, 2026
In the News
Nicholas O'Keefe on DExit Movement
Foley & Lardner LLP partner Nicholas O’Keefe examined whether there were lessons to be learnt from the Delaware Supreme Court’s recent decision reinstating Elon Musk’s performance award, in Agenda, a Financial Times publication.
December 29, 2025
In the News
Matt Kiel Featured by Los Angeles Business Journal – 'Keep pressing forward and doing your best'
Foley & Lardner LLP senior counsel Matt Kiel is featured by Los Angeles Business Journal for his career journey in the article, “Matt Kiel's Steady Climb.”
December 26, 2025
In the News
Louis Lehot Shares 2026 M&A Outlook on Financing, Exits, and Key Trends
Foley & Lardner LLP partner Louis Lehot was featured in the Mergers & Acquisitions' week-long series, “The 2026 M&A Outlook.”