Yesterday the SEC brought another FCPA case, its third this year.  Earlier the SEC filed In re The Dow Chemical Company, (Feb. 13, 2007) http://www.sec.gov/litigation/admin/2007/34-55281.pdf); and SEC v. Martin, 1:07CV0434 (D.D.C. Mar. 6, 2007) http://www.sec.gov/litigation/litreleases/2007/lr20029.htm).  The increasing focus on the…

The key question about the stock option backdating scandal is not if more cases will be brought, but rather what standard prosecutors will use when exercising their broad discretion to charge.   To date there are at least 200 companies which…