This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Judge lets VEON shareholders proceed with bribery-related suit, but dismisses claims in part

( September 19, 2017, 22:32 GMT | Official Statement) -- MLex Summary: A federal judge in New York has dismissed in part claims in a shareholder lawsuit against VEON alleging misrepresentation with respect to company operations in Uzbekistan and a subsequent bribery prosecution. The Russian-Dutch telecommunications corporation, formerly known as Vimpelcom, has entered into a deferred prosecution with the US Department of Justice to settle charges that it violated the Foreign Corrupt Practices Act by paying bribes for telecommunications licenses in Uzbekistan. The judge ruled that shareholders may proceed with claims that VEON misrepresented financial results and acted with intent, but dismissed a claim based on disclosures VEON made about oversight from the government of Uzbekistan.Please see attached document....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections