The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Wed, 15 Jul 2026 11:32:53 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png The Credit Suisse Guilty Plea: Implications for Companies in the Crosshairs – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 The Credit Suisse Guilty Plea: Implications for Companies in the Crosshairs https://corpgov.law.harvard.edu/2014/06/09/the-credit-suisse-guilty-plea-implications-for-companies-in-the-crosshairs/?utm_source=rss&utm_medium=rss&utm_campaign=the-credit-suisse-guilty-plea-implications-for-companies-in-the-crosshairs https://corpgov.law.harvard.edu/2014/06/09/the-credit-suisse-guilty-plea-implications-for-companies-in-the-crosshairs/#comments Mon, 09 Jun 2014 13:23:55 +0000 http://blogs.law.harvard.edu/corpgov/?p=63825?d=20141215154009EST Posted by Yaron Nili, Co-editor, HLS Forum on Corporate Governance and Financial Regulation, on Monday, June 9, 2014
Editor's Note:

The following post comes to us from Christopher Garcia, partner in the Securities Litigation and White Collar Defense & Investigations practices at Weil, Gotshal & Manges LLP, and is based on a Weil Gotshal alert by Mr. Garcia and Raqel Kellert. The complete publication, including footnotes, is available here.

The announcement of the Credit Suisse guilty plea on May 19, 2014 marks the first time in more than a decade that a large financial institution has been convicted of a financial crime in the United States. For this reason alone, some will herald it a watershed moment in the history of corporate criminal liability. But the government’s well-publicized efforts to mitigate the collateral consequences resulting from the plea will likely limit the plea’s practical significance for companies that find themselves in the unenviable position of negotiating a resolution of criminal allegations with the government. This post will explore the potential implications of the Credit Suisse guilty plea for corporate criminal liability.

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