DOJ Treatment Of UBS Undermines Leniency Program

Law360, New York (June 10, 2015, 10:19 AM EDT) -- The U.S. Department of Justice, under public pressure to prosecute banks and bankers, has undermined its Antitrust Leniency Program by violating at least the spirit of that program in its treatment of UBS AG regarding the foreign exchange rate investigation conducted jointly by the Antitrust Division and the Criminal Division. UBS received amnesty for its exchange rate conduct, but the DOJ turned around and used that conduct to renege on an agreement between UBS and the Criminal Division executed in December 2012 regarding Libor.

Foreign Currency Exchange Rate Resolutions

Recently, the DOJ held a press conference to announce that four of...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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?
Beta
Ask a question!