DOJ Settlements Let Big Banks Off Too Easy, Senators Say

Law360, New York (January 29, 2013, 4:41 PM EST) -- A pair of U.S. senators said Tuesday that federal law enforcement officials had created a two-tier justice system by considering the economic effects of criminal charges against large banks, arguing those considerations resulted in settlements that were "disproportionately low" compared to the alleged violations.

In a letter to Attorney General Eric Holder, Sens. Sherrod Brown, D-Ohio, and Charles Grassley, R-Iowa, said they were troubled by top U.S. Department of Justice Criminal Division officials' recent statements that they took into account the potential ripple effects that a criminal case against a large bank or one of its executives could have on the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!