Grand Jury Demands Upheld in Anonymous Corporate Fraud Case

An anonymous foreign company must comply with a federal grand jury’s demand to produce documents related to an investigation into an allegedly fraudulent corporate acquisition, the Ninth Circuit said Tuesday.

Doe Co. isn’t the acquired or the acquiring company that the grand jury is investigating, but it was founded by several people who allegedly profited from the sale, Judge William A. Fletcher said for the U.S. Court of Appeals for the Ninth Circuit.

The grand jury is convened at the U.S. District Court for the Northern District of California and is considering whether the acquired company misrepresented its value and ...