DOJ to Crack Down on Corporate Crime by Luring Cooperators
- Will push companies to seek funds from executives who do wrong
- New policies part of DOJ bid to crack down on corporate crime
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The Justice Department will allow more companies that voluntarily report misconduct and cooperate on remedial actions to avoid pleading guilty as part of a new bid to crack down on corporate crime.
The department also will shift the focus to prosecuting executives by encouraging companies to claw back compensation from executives and employees responsible for wrongdoing.