Wednesday, September 26, 2012

NPA, DPA, Guilty Plea or Trial - Tyco & Subsidiaries

It is always interesting to see who will get a non-prosecution agreement, a deferred prosecution, or be placed in the position of pleading guilty. There are few who go to trial, but occasionally it happens. The risk of trial is enormous especially if the company is in the defense procurement area, accounting, health care, or dealing with possible collateral consequences.

According to a DOJ press release, "Tyco International Ltd - together with a subsidiary that pleaded guilty" to a criminal charge of conspiracy to violate the FCPA agreed to pay more than $26 million for the DOJ resolution and for charges from the SEC.

It seems that "an indirect, wholly owned subsidiary of Tyco" is the one pleading guilty, but near the bottom of this same press release one finds that Tyco received a non-prosecution agreement.

To what extent does the collateral consequences of the process drive the different resolutions?

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2012/09/npa-dpa-guilty-plea-or-trial-tyco-subsidiaries.html

Deferred Prosecution Agreements, Settlement | Permalink

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