In The News

SEC Official: No More “Cookie-Cutter” Monitorships

Global Investigations Review

01 Nov 2018

Morrison & Foerster partner James M. Koukios noted the unusual aspects of the settlement agreement Petrobras made with the SEC when the $933 million the SEC ordered it to pay was offset by what Petrobras paid to investors in a related U.S. class action settlement.

“I don’t really recall this ever happening before in the FCPA space,” he said in the Global Investigations Review article “SEC official: No more “cookie-cutter” monitorships.”

Mr. Koukios added that “it’s almost hard to gauge penalties these days” because the DOJ and SEC are “giving credit to everyone” by offsetting fines to multiple authorities in the U.S. and abroad.



Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.