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Federal Judges’ Scrutiny of Settlements Could Result in More Costly DPAs, Individual Penalties
By Brian Monroe
printA federal judge's questioning of the recent deferred prosecution agreement between the U.S. Justice Department and Barclays Bank, and delays of similar monetary settlements by two other judges, could signal that future agreements will be more expensive for financial institutions and more perilous for their top executives, according to legal analysts. U.S. District Court Judge Emmet Sullivan called the $298 million deferred prosecution agreement (DPA) with London-based Barclays PLC a "sweetheart deal," the cost of which would be born by innocent Barclays' shareholders, and criticized federal prosecutors for not penalizing any individuals at the bank, according to news reports. In...
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