Did Tommy Hilfiger Corp. get special treatment when the government failed to make public the nonprosecution agreement the company entered last summer with the U.S. Department of Justice? Corporate Counsel 's research indicates that the government completed 14 deferred and nonprosecution agreements in the past 12 months, but only the Hilfiger agreement remained private. Now, the secret agreement is creating a problem for plaintiffs in a class action shareholders' suit against the retailer.
June 28, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Did Tommy Hilfiger Corp. get special treatment when it negotiated a nonprosecution agreement with the U.S. Department of Justice last summer? The question has come to light in recent weeks as the now-private company defends itself against a class action shareholders’ suit.
Typically, when the government completes a deferred or nonprosecution agreement, it makes the deal public. The Manhattan U.S. Attorney’s Office departed from this practice with Hilfiger, however.
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