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In the Marketplace
Huntington Bancshares Inc. of Columbus, OH, has completed its acquisition of Michigan-based Macquarie Equipment Finance, Inc. ( MEF-US ) from its parent company, Sydney, Australia-based Macquarie Group Ltd . The acquisition is expected to be accretive to Huntington's earnings in 2015. Under the terms of the agreement, Huntington acquired approximately $900 million of assets and assumed approximately $630 million of debt, securitizations, and other liabilities.
CBank of Cincinnati, OH, and Commercial Industrial Finance (CI Finance) of St. Louis, MO, have announced a proposed agreement for CBank to acquire CI Finance, an equipment leasing and finance business. The acquisition is scheduled to be completed early this month, pending the bank board of directors' approval. The resulting entity will be a wholly owned subsidiary of CBank and operate as a CBank company. The business will continue to operate with the CI Finance name and the current management team.
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.
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.
Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability
This article explores legal developments over the past year that may impact compliance officer personal liability.