Thanks mostly to massive misconduct by banks, U.S. enforcement officials are en route to signing a record number of deferred and nonprosecution agreements (DPAs and NPAs) this year.
A new study from Gibson, Dunn & Crutcher released Tuesday shows the U.S. Department of Justice and the U.S. Securities and Exchange Commission already have signed 29 agreements in the first half of the year. That’s just one fewer that the 30 deals reached in all of last year, and one more than those signed in all of 2013.
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