${site.data.firmName}${SEMFirmNameAlt} Menu Contact
Call us toll free at
702-583-6748
Good People Deserve Good Lawyers. ®

Sands Corp. admits 'likely violations' of foreign business law

In an announcement that could affect three cases of business litigation, Las Vegas Sands Corp. said on March 1 that it was "likely" that its branch in Macau violated U.S. federal law in its dealings there. Sands is facing investigations by the U.S. Securities and Exchange Commission and the Department of Justice over potential violations of the Foreign Corrupt Practice Act, as well as a wrongful termination lawsuit from the former CEO of Sands China over that conduct, so this admission could have a serious impact.

Sands made the statement about the possible FCPA violations in its annual report, which it filed on March 1. The report contained the results of an internal investigation into allegations that it violated the anti-corruption law, which prohibits certain acts for U.S. companies operating in foreign companies.

Among those acts is bribery, though Sands denies violating the anti-bribery parts of the statute. Still, the company said its investigation concluded that "there were likely violations of the books and records and internal controls provisions" of the law.

The former CEO of Sands China sued the company for wrongful termination in 2010. He claims that he was fired after refusing to carry out "illegal demands" made by Sands' chairman and CEO. Following that litigation's filing, the U.S. agencies began investigating Sands' operations in Macau, a city in China with numerous casinos.

Sands denies asking the former Sands China CEO to do anything illegal and says he was fired for violating company policy. The company also says it is cooperating with the government investigations.

Source: Bloomberg, "Las Vegas Sands Probably Violated Foreign Corrupt Act," Anthony Palazzo, March 4, 2013

ยท Our law firm handles a variety of commercial litigation matters for businesses, including wrongful termination cases. Please visit our Las Vegas business litigation page for more information.

No Comments

Leave a comment
Comment Information
Email Us For A Response

Learn About Your Options.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Aldrich Law Firm, Ltd.
1601 South Rainbow Boulevard
Suite 160
Las Vegas, NV 89146

Toll Free: 877-508-0433
Phone: 702-583-6748
Fax: 702-227-1975
Map & Directions