Recovering from a relatively slow start to the year, due in no small part to the global pandemic, the U.S. Foreign Corrupt Practices Act (“FCPA”) Units of the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) closed the year with a bang. With 32 combined FCPA enforcement actions, 51 total cases including ancillary enforcement, and a record-setting $2.78 billion in corporate fines and penalties (plus billions more collected by foreign regulators), 2020 marks another robust year in the annals of FCPA enforcement.
This client update provides an overview of the FCPA and other domestic and international anti-corruption enforcement, litigation, and policy developments from 2020, as well as the trends we see from this activity. We at Gibson Dunn are privileged to help our clients navigate these challenges daily and are honored again to have been ranked Number 1 in the
UPDATE at 4:10 p.m. EDT: Alibaba Shares Close at $93.89 on First Day of Trading
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Author Bio
Evan is a senior technology specialist at The Motley Fool. He was previously a senior trading specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
What happened
Shares of 3D-printing companies rose sharply on Thursday after
3D Systems (NYSE:DDD) reported blockbuster preliminary results for the fourth quarter. The company said that it had completed the sale of its Cimatron and GibbsCAM software businesses and expects revenue for the period to be in the range of $170 million to $176 million. This news has given investors hope that other companies in the sector will report similarly strong results.
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