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Competitor Recovers Damages From FCPA Violator In Post-Enforcement Civil Litigation | Lowenstein Sandler LLP


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On Wednesday, May 12, 2021, Swedish telecommunications manufacturer Ericsson announced that it had reached an €80 million ($96.66 million) settlement with one of its competitors to compensate for commercial damages the competitor suffered as a victim of Ericsson’s corruption scheme.
1
As background, on Nov. 26, 2019, Ericsson resolved a U.S. Foreign Corrupt Practices Act (FCPA) enforcement action by entering into a deferred prosecution agreement (DPA)
2 with the Department of Justice (DOJ), settling a civil complaint brought by the Securities and Exchange Commission (SEC), and agreeing to pay $1.06 billion in fines and penalties. ....

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Keyport offers additional assistance to businesses impacted by COVID


Keyport offers additional assistance to businesses impacted by COVID
Keyport offers additional assistance to businesses impacted by COVID
KEYPORT – Members of the Keyport Borough Council have authorized a second round of funding to assist businesses that have been affected by the ongoing coronavirus pandemic, bringing the total distribution of funds to $228,818.
On Jan. 19, council members passed a resolution authorizing the awarding of grants to 35 businesses in the Keyport Neighborhood Preservation Program (NPP) district. The grants ranged from $1,800 to $9,500 to provide direct mortgage, rent or utility cost assistance to qualified businesses; to fund the distribution of personal protective equipment and other activities and equipment to support NPP businesses; and to cover program administration costs. ....

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