RK&O represents Torneos in DOJ investigation into Worldwide Soccer

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December 19, 2016

Richards Kibbe & Orbe LLP is representing Torneos y Competencias S.A., a leading South American sports production and broadcasting company, in connection with the Department of Justice’s investigation into worldwide soccer.  On December 13, 2016, Torneos entered into a deferred prosecution agreement (DPA) with the Department of Justice and fully resolved its involvement in the investigation.  This is the first DPA executed by the Department of Justice in connection with this case.

The DOJ agreed not to pursue a prosecution of Torneos based on its “full” and “substantial” cooperation with the DOJ investigation, and its “extensive” efforts to implement a state-of-the-art compliance program. Torneos has agreed to continue to cooperate with the DOJ. 

The RK&O team includes David B. Massey, Lee S. Richards, III, Jeffrey A. Lehtman and Maria E. Lapetina. 

Mr. Richards explained to Corporate Counsel, “This is a completely new management with new policies,” he says, “and they deserved the deferred prosecution agreement they received. It is a new company heading into a new future and is a force for good in soccer globally, particularly in South America.”

Mr. Lehtman told Global Investigations Review that the DPA is a recognition of the company’s remediation and cooperation, which includes implementing a first-in-its- class compliance program.  “From an anti-corruption compliance perspective, this is a watershed moment as it sets a new standard for how companies that are active in Argentina and across Latin America will be thinking about compliance,” he said.  

Additional Media Coverage 

Sports Marketing Company Admits to Football-linked bribery in US$112 million DPA - Global Investigations Review (subscription required)

Argentine Marketing Co. Pays DOJ $113M In FIFA Bribery Deal - Law360 (subscription required) 

FIFA Scandal Leads to Legal Shake-up and Delayed Prosecution for Argentine Company - Corporate Counsel