Glencore Seeks To Dismiss Stock-Drop Suit Over FCPA Probe

Law360 (February 12, 2020, 7:48 PM EST) -- Mining giant Glencore PLC told a New Jersey federal judge that his court's lack of personal jurisdiction was among the many faults that required dismissal of a stock-drop suit connected to announcements that the Swiss company's overseas dealings were being investigated.

Glencore pushed back Tuesday on a securities claims suit filed in July 2018, days after the company publicly disclosed that it had received a subpoena from the U.S. Department of Justice related to potential violations of the Foreign Corrupt Practices Act and U.S. money laundering statutes.

Investors aim to hold Glencore liable for share price drops that happened in the announcement's...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!