07/11/2017 06:30 p.m. - 08:30 p.m.
Investigations + White Collar Defense
Interface 140 W 30th Street New York, NY 10001
Carrie H. Cohen
“Who here has never had an acquittal or hung-jury? Please raise your hand. Me and my friends have a name for you guys. You are members of what we like to call the Chickenshit Club.” — James Comey, in a 2002 speech before New York's Southern District prosecutors
The financial crisis of 2008 tossed millions out of work and brought the world economy close to the brink of depression. In the aftermath, the Department of Justice—staffed with a group of risk-averse prosecutors known on the inside as "the chickenshit club"—failed to criminally prosecute any top banker who knowingly exacerbated the meltdown.
Over the past twenty years, the total number of white-collar cases brought before the Justice Department has dropped more than 40 percent. CEOs at top financial firms continue to make unstable business deals and take lobbying meetings in an effort to minimize government oversight of their companies. But now that one of those CEOs occupies the White House, is there any real possibility of prosecuting white-collar crime in the next four years?
Join New America NYC and ProPublica for a discussion with business and judicial leaders—including Morrison & Foerster’s Carrie H. Cohen—to discuss how Wall Street and Capitol Hill can better confront corporate malfeasance, as well as their predictions for reform in the age of Trump.
©1996-2019 Morrison & Foerster LLP. All rights reserved.