SEC Serves Former Siemens Executives Through a Newspaper Ad
The newspaper’s classifieds: home to many personal listings: jobs, homes for rents, yard sales, cars… federal court summons? Securities and Exchange Commission got a little creative with their last ad.
After four unsuccessful months of trying to serve four men using traditional legal means, the SEC decided to think outside the box. A federal judge approved the SEC to publically post “a summons to four former executives of Siemens AG in the International Herald Tribune.”
The four executives are accused of violating a U.S. anti-bribery law in December, allegedly agreeing to pay more than $100 million in bribes for an Argentinean government contract.
The executives have been in Germany, where through the Hague Convention, “the German authorities have refused to cooperate in [the] serving process. It was due to this that the SEC published the summons as an ad in the international paper, accompanied by emails to the executives’ German lawyers. The summons and emails state that the executives have 20 days to appear in court in Manhattan, New York. If they do not respond, then judgment will be given by default against them.
To read more on the SEC’s action against the former Siemens AG executives, visit: http://blogs.wsj.com/corruption-currents/2012/06/20/sec-to-serve-former-siemens-execs-through-newspaper-in-fcpa-case/
If you are ever served of a crime in the Seattle area, contact Jensen Legal at (206) 617-9173.
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