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News
November 3, 2014

In The News Today – November 3, 2014

Does “self-reporting” of possible Foreign Corrupt Practices Act (FCPA) violations lead to more leniency from the Justice Department? That’s the question examined by Wall Street Journal reporter Rachel Louis Ensign, who notes that “about a third” of the Securities and Exchange Commission’s FCPA cases in recent years have come from companies that self-report. (Wall Street Journal)

“Some of the nation’s most prominent plaintiffs firms” are targeting air bag manufacturer Takata Corp. At least three nationwide class actions have been filed against the company, its subsidiaries and carmakers alleging defects in the air bag inflator. (National Law Journal)

Bank of America and U.S. Bank reportedly have reached terms of a settlement with 19 pension funds suing the two companies, which are “trustees of 19 Washington Mutual mortgage-backed securities portfolios that have allegedly experienced over $3.3 billion in recognized losses.” The terms of the settlement have not been disclosed. (Law360)

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