The policy offers protection from prosecution to companies that self-report misconduct.
Attorney General Merrick Garland received a letter this week from 14 nonprofits and lobbying groups. They urge the Justice Department to reverse a policy that grants “safe harbor” to companies who self-report misconduct when acquiring another company.
The policy pledges that federal prosecutors will not target firms that self-report misconduct discovered within six months of a merger. The groups say the policy presents a loophole for large companies to avoid prosecution.
The “newly announced policy will incentivize more concentration of corporate power through strategically-timed mergers or acquisitions sought in order to wipe the slate clean for lawbreakers,” the groups stated.
As the Lord Leads, Pray with Us…
- For Attorney General Garland to seek God’s guidance as he heads the Justice Department.
- For DOJ officials as they assess the impact of the department’s policies on the actions of companies.
Sources: Reuters, JD Supra
