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General counsels as DoJ satraps?

Sue Reisinger at Corporate Counsel/Law.com: "The price for settling criminal allegations by the government keeps going up. In August, Prudential Financial signed a deal with the DOJ that allows it to avoid prosecution for wrongdoing at a brokerage subsidiary. The settlement requires Prudential's GC, Susan Blount, to personally design, install and oversee a compliance program, and report on it to federal prosecutors for the next five years. Should the program fail, Blount could be held liable by the government, as well as by shareholders."



Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.