January 2024 – In an article for Law360, Michael DeBernardis and Tiauna Mathieu discussed global specialty chemicals manufacturing company Albemarle Corp.’s agreement to pay more than $218 million to resolve investigations by the U.S. Department of Justice and the U.S. Securities and Exchange Commission related to violations of the Foreign Corrupt Practices Act.

“While virtually all corporate FCPA resolutions offer lessons for the legal community or compliance professionals, Albemarle’s nonprosecution agreement offers particularly important insights into two of the most talked about corporate compliance issues of 2023,” DeBernardis and Mathieu said. The issues, they wrote, are the reasonably prompt voluntary disclosures under the Criminal Division's corporate enforcement and voluntary self-disclosure policy and the compensation incentives and clawbacks pilot program.

Read the article in Law360