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DOJ Encourages Reporting Misconduct at Acquired Companies

DOJ Encourages Reporting Misconduct at Acquired Companies

by Starling Insights

Starling Insights Editorial Board

Oct 26, 2023

Observations

In a recent speech, Lisa Monaco, a Deputy Attorney-General at the US Department of Justice (DOJ), announced that companies which voluntarily disclose misconduct committed by businesses they are acquiring would not face charges.

The disclosure must, however, occur within six months of the deal's closure, and the acquiring company must rectify the misconduct within a year, with specific timelines subject to prosecutors’ discretion. “We want to incentivise that type of responsible corporate behaviour, " Monaco told the Financial Times.

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