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New England Compounding Center Is in Everyone's Sites
Invoking his Fifth Amendment right against self-incrimination, Barry Cadden, one of the founders of the New England Compounding Center (NECC), declined to testify on Nov. 14, 2012, before the Congressional House Energy and Commerce oversight subcommittee. Cadden's silence was not unexpected, as NECC is accused of running an unsanitary operation that contaminated its steroid injection pharmaceutical products, which then were administered to patients. At least 39 people have died as a result, and hundreds more have been sickened.
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 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.
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.
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.
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.