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In The Marketplace
Hitachi Capital America Corp. of Norwalk, CT has promoted William H. Besgen to president and chief operating officer. He succeeds Yuichiro “Ron” Shimada, formerly president and CEO, who retains the position of CEO. Besgen joined Hitachi in April 1990 as executive vice president and chief operating officer. His career began at Citicorp where he worked for 21 years as a vice president, having a number of senior management responsibilities, primarily in its various equipment finance/leasing businesses. Hitachi Capital America is a subsidiary of Hitachi Capital Corporation of Tokyo and Hitachi's independent U.S. finance company.
CIT Group Inc. of Livingston, NJ has announced that its Board of Directors has elected Jeffrey M. Peek as the company's president and chief executive officer. Peek had previously served as CIT's president and chief operating officer. Albert R. Gamper, Jr., who had served as chief executive officer since 1987, will remain as chairman until his retirement on Dec. 31, 2004. Peek joined CIT and its Board in September 2003, as part of a succession plan aligned with Gamper's desire to transition CIT's leadership and executive responsibilities. Prior to joining CIT, Peek was vice chairman of Credit Suisse First Boston LLC and held a number of executive positions at Merrill Lynch.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The DOJ's New Parameters for Evaluating Corporate Compliance Programs
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
Use of Deferred Prosecution Agreements In White Collar Investigations
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.