Business & Corporate
Treasury Enforcement Actions: Civil Enforcement with Criminal Consequences
Indictments are often viewed as a death knell for a publicly traded company. As a result, whenever a government investigation involves a potential criminal penalty, obtaining a civil or administrative resolution in lieu of a criminal resolution is typically viewed as a favorable outcome for the company. Fares v. Smith highlights that civil administrative actions by components of the U.S. Department of the Treasury (Treasury) can be as devastating for a company as a criminal indictment.