Tagged: DPA

DOJ and SEC Close Year with FCPA Settlement with Honeywell UOP for $160 Million (Part I of III)

DOJ and SEC Close Year with FCPA Settlement with Honeywell UOP for $160 Million (Part I of III)

The Justice Department and the Securities and Exchange Commission had a strong FCPA enforcement year.  However, there is certainly more to come and it is easy to predict that 2023 will be even a bigger year.  It is fairly obvious that DOJ and the SEC have cases in the pipeline and with new policies in place, they are getting ready to move them through the...

DOJ and Boeing Settle 737 Max Fraud and Safety Charges for $2.5 Billion (Part I of III)

Boeing’s long and tragic scandal surrounding its 737 MAX safety concerns and FAA disclosure violations has come to an end.  DOJ announced a settlement early this year, on January 7, 2021, which included a three-year deferred prosecution agreement (DPA) in exchange for total payments of $2.5 billion, consisting of: a $243.6 million criminal penalty, $1.77 billion in compensation to its airline customers, and $500 million...

Fokker: No Judicial Oversight of Deferred Prosecution Agreements

The D.C. Circuit dealt a blow last week to judicial attempts to exercise supervision over Justice Department negotiated Deferred Prosecution Agreements. In United States v. Fokker (Here), the Court answered the question in a resounding affirmation  of the authority of prosecutors to resolve criminal cases and exercise discretion in charging decisions. In the end, the court’s decision was not a great surprise but the strength...

Olympus: A Culture of Bribery and Kickbacks

When compliance officers read about a major Justice Department settlement action, we can all hear the collective sigh of relief – “Thank goodness, that did not happen here in my company.” The recent Olympus settlement is another in a long line of cases where any shred of corporate culture of integrity has been replaced with a culture of bribery and kickbacks, or other kids of...

The GM Criminal Settlement — Disappointing

The Justice Department has to do something about its timing – and more importantly, they need to reexamine exactly what they did (and are doing) with the criminal prosecution of GM. If you want a perfect example of talking out of both sides of your mouth, the last two weeks put the focus right on the leadership of the Justice Department.  The picture is not...