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Securities Settlements Reach Record High in 2004
Settlement amounts in securities class actions reached a record high of $5.5 billion in 2004, according to a new national study conducted by Cornerstone Research that compares settlements of cases filed since the passage of the Private Securities Litigation Reform Act in 1995.
The value of securities settlements in 2004 was up a staggering 162% over those in 2003. Even excluding the $2.6 billion partial settlement of the WorldCom matter, the increase to 2.9 billion in 2004 is dramatic given that $2.1 billion and $2.6 billion in settlements were recorded in 2003 and 2002, respectively. The previous high in securities class actions settlements was in 2000, with $4.5 billion.
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.
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.
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.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.