The Department of Justice's Focus on Individual Accountability for Corporate Wrongdoing -

The Department of Justice (DOJ) recently issued a memo reiterating its commitment to the criminal and civil investigation and prosecution of corporate employees. This follows criticism from the public and the federal bench about the low number of individual convictions flowing out of the financial crisis. For example, Judge Jed. S. Rakoff of the US District Court for the Southern District of New York has called the lack of individual convictions an "egregious failure." The policies may breathe renewed, if not totally new, life into how DOJ pursues cases against individuals.