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The U.S. Department of Justice (DOJ) has achieved record-setting penalties. In August 2014, the DOJ announced a nearly $17 billion settlement with Bank of America relating to the financial problems of 2008 ' the largest civil settlement with a single company in American history. Unprecedented penalties were imposed also on: 1) BNP Paribas ' $8.9 billion for money laundering; 2) Alcoa World Alumina ' $384 million for Foreign Corrupt Practices Act (FCPA) violations; and 3) Lloyds Banking Group ' $86 million for antitrust violations. Despite these results, the DOJ has been criticized for a lack of individual prosecutions, particularly in the financial sector and for FCPA violations. A recent series of speeches from senior DOJ officials responded with a renewed emphasis on the prosecution of individuals responsible for corporate misconduct. These speeches are a signal to corporate counsel to stress the importance of, and actions needed for, corporate cooperation and self-disclosure.
Policy Announcements from the DOJ
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On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
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.