Once prosecutors have investigated and identified corporate wrongdoing, non and deferred prosecution agreements let them avoid an expensive trial against a sophisticated and well funded corporate defendant, which is one reason both sides have strong incentives to settle.
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prosecutors have investigated and identified corporate wrongdoing, they can use N/DPAs to avoid an expensive trial against a sophisticated and well-funded cor- porate defendant.
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Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014), I. INTRODUCTION, p. 3 https://ssrn.com/abstract=2486570 · source PDF
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Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570
extended_bykaal:claim:2831040-020 Deferred prosecution agreements produce relevant, real time, decentralized, high quality information for regul...
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