Dec 30, 2008 07:20
15 yrs ago
9 viewers *
English term
deferred prosecution agreement
English
Law/Patents
Law (general)
Report any complaints about unethical conduct or practices that do not conform to the requirements of the company's Deferred Prosecution Agreement with the United States Attorney's Office to the Legal Department or the Corporate Ethics Office. Your complaint will remain anonymous.
Responses
+3
21 mins
Selected
agreement to penalties being imposed without trial.
In a major shift of policy, the Justice Department, once known for taking down giant corporations, including the accounting firm Arthur Andersen, has put off prosecuting more than 50 companies suspected of wrongdoing over the last three years.
Instead, many companies, from boutique outfits to immense corporations like American Express, have avoided the cost and stigma of defending themselves against criminal charges with a so-called deferred prosecution agreement, which allows the government to collect fines and appoint an outside monitor to impose internal reforms without going through a trial. In many cases, the name of the monitor and the details of the agreement are kept secret.
http://www.iht.com/articles/2008/04/09/business/justice.php
4 KudoZ points awarded for this answer.
Comment: "Thank you, Jack."
-1
22 mins
an agreement with ... according to which unethical conduct is punishable and subject to prosecution
would be my interpretation (the term <deferred> i.e. postponed, IMO is redundant for the translation)
Peer comment(s):
disagree |
David Moore (X)
: I'd say the "deferred" is essential to the translation; "permanently deferred" is what happens to the "prosecution" in most cases...
2 hrs
|
-1
2 hrs
agreement to prosecute at a later time after further consideration
The Fifth Amendment, U.S.Const., requires that all prosecutions for infamous federal crimes (i.e., federal offenses carrying a term of imprisonment in excess of one year) be commenced by grand jury indictment. This requirement, however, does not apply to State prosecutions for such crimes, which may be prosecuted on the basis of an information. BLD.
Peer comment(s):
disagree |
David Moore (X)
: I'd say this is irrelevant here (this is company law, after all): see www.abanet.org/crimjust/cjmag/21-2/corporatedeferred.pdf
18 mins
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