SDNY Formalizes Updated Corporate Self‑Disclosure Program, Offering Fast-Track Declinations and Clear Consequences for Silence

On Feb. 24, SDNY announced its updated Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes. The updated policy follows remarks by U.S. Attorney for SDNY Jay Clayton previewing the “big carrot” of fast-tracked corporate declinations at the Securities Enforcement Conference earlier this month.... By: BakerHostetler