# kaal:claim:2486570-007

**Claim.** The authors contest the conventional wisdom that a corporate criminal indictment amounts to a corporate death penalty, pointing to recent guilty pleas in which BNP Paribas paid a record fine and Credit Suisse kept its investment banking license.

**Type.** failure  **Support.** evidenced

**Source quote.**

> Several recent plea deals call into question the 'death penalty' the- ory.

**From.** Wulf A. Kaal, Timothy Lacine, *The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20* (2014), II. CORPORATE NON- AND DEFERRED PROSECUTION AGREEMENTS, page 10

**Cite as.** 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

**Verify.** sha256 of source PDF `8c3981c9a55d8a3fe59a01660584eebc3feb3fb9109ca65344095bebe4ae49a4` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Lacine%20-%202014%20-%20The%20Effect%20of%20Deferred%20and%20Non-Prosecution%20Agreements%20on%20Corporate%20Governance%20Evidence%20from%201993-20.pdf

**Failure mode.** corporate-death-penalty-overstated  (family: enforcement-gap)

**Topics.** institutional-design

**Keywords.** corporate-death-penalty, collateral-consequences, guilty-pleas, corporate-indictment

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