As if the nuances of corporate governance aren’t tough enough to fathom, now the government is playing word games. On Aug. 28, Prudential Financial, Inc., signed what it thought was a nonprosecution agreement with Michael Sullivan, the U.S. Attorney in Boston. But once the deal was done, Deputy Attorney General Paul McNulty called a press conference in Washington, D.C., to trumpet the “deferred prosecution agreement.”

McNulty’s comment has led some corporate advocates to question the government’s credibility. The question of what to call the Prudential pact isn’t just a matter of semantics — a deferred prosecution deal carries more of a stigma than a nonprosecution agreement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]