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Failing to Report Suspicious Activity
You get a call from the general counsel at a bank that has just received a grand jury subpoena. She's not worried, however, because the subpoena appears focused solely on a customer, Mr. Jones. He is not an employee or agent of the bank, just an unaffiliated investment manager who has been a customer for the past 5 years.
You review the subpoena and, indeed, it asks only for Jones' account records and related documents. Your preliminary investigation and discussions with the prosecutor running the investigation make clear that the government is targeting Jones for bilking his investors, and there's no reason to believe anyone at the bank had knowledge of his illicit dealings. What do you do? Send some junior associates to gather the responsive documents and forget about it? Tell the GC everything's under control and there should be no problem?
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.