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Foreign Bribery, Wynn, Parmalat, Paulson, Teva in Court News

The U.S. dropped the biggest prosecution of individuals accused of foreign bribery after two trials in the case ended with three acquittals and seven mistrials.

The Justice Department yesterday asked a federal judge in Washington to dismiss the indictment, which originally accused 22 security-industry officials of planning to make payments to a federal agent posing as a representative of the West African nation of Gabon to secure a stake in a fake $15 million deal for weapons and security gear.