The Department of Justice’s (DOJ) push to incentivize companies to voluntarily self-disclose potential misconduct reached its next stage in the form of a safe harbor policy regarding mergers and acquisitions (M&A).
The policy, announced in a speech delivered Wednesday by Deputy Attorney General Lisa Monaco at an industry event, will apply department-wide and offer the potential for companies to receive the presumption of a declination when coming forward with evidence of misconduct at an acquired entity. It includes specific timelines that must be met regarding disclosure and remediation to qualify.
