CA Firm to Argue State-Owned Companies Not Foreign Officials Under FCPA
Lindsey Manufacturing Company and two of its executives have filed a motion to dismiss their indictment on paying bribes to employees of Comisión Federal de Electricidad (CFE), a state-owned utility company, in violation of the Foreign Corrupt Practices Act (FCPA).…
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The defendants will argue that employees of a state owned corporation do not qualify as foreign officials under the FCPA. A hearing on the motion is scheduled for March 21, 2011.