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Vol 21 No 9 Sept/Oct 2016

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Cover of Goode on Commercial Law

Goode on Commercial Law

Edited by: Ewan McKendrick
Price: £170.00

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Too Big to Jail: How Prosecutors Compromise with Corporations (eBook)

ISBN13: 9780674744615
Published: November 2014
Publisher: Harvard University Press
Country of Publication: USA
Format: eBook (ePub)
Price: £19.12 + £3.83 VAT
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American courts routinely hand down harsh sentences to individual convicts, but a very different standard of justice applies to corporations.

Too Big to Jail takes readers into a complex, compromised world of backroom deals, for an unprecedented look at what happens when criminal charges are brought against a major company in the United States.

Federal prosecutors benefit from expansive statutes that allow an entire firm to be held liable for a crime by a single employee. But when prosecutors target the Goliaths of the corporate world, they find themselves at a huge disadvantage. The government that bailed out corporations considered too economically important to fail also negotiates settlements permitting giant firms to avoid the consequences of criminal convictions.

Presenting detailed data from more than a decade of federal cases, Brandon Garrett reveals a pattern of negotiation and settlement in which prosecutors demand admissions of wrongdoing, impose penalties, and require structural reforms. However, those reforms are usually vaguely defined. Many companies pay no criminal fine, and even the biggest blockbuster payments are often greatly reduced. While companies must cooperate in the investigations, high-level employees tend to get off scot-free.

The practical reality is that when prosecutors face Hydra-headed corporate defendants prepared to spend hundreds of millions on lawyers, such agreements may be the only way to get any result at all. Too Big to Jail "describes concrete ways to improve corporate law enforcement by insisting on more stringent prosecution agreements, ongoing judicial review, and greater transparency.

Other Jurisdictions , eBooks, USA
1. United States vs. Goliath
2. The Company in the Courtroom
3. What Happens to a Prosecution Deferred?
4. The Ostriches
5. The Victims
6. The Carrot and the Stick
7. Enter the Monitors
8. The Constitutional Rights of Corporations
9. Foreign Corporate Criminals
10. The Future of Corporate Prosecutions