Reviewing federal white-collar crime cases against “recidivist companies,” American Lawyer Media’s Corporate Counsel concludes that “from fatal explosions to global financial meltdowns to health threats tied to drug company wrongdoing, prosecutors have settled for huge financial penalties and paper promises. Then the company returns to business as usual.”
There is little evidence to show that higher fines and stricter monitoring are making the too-big-to-fail corporations change their behavior. Driven by recent corporate scandals and their consequences, critics are coming at the Justice Department from all sides. The publication recounts cases against BP, GlaxoSmithKline, and others to make its point.