Overview
Global settlements, Part 5 of this series, require careful attention by counsel and parties in parallel proceedings. A global settlement may include just one settlement agreement, but is more likely to include multiple settlement agreements with different government agencies (including foreign ones) that are coordinated. The goal is to ensure that the overall impact of the settlement terms or penalties imposed is fair to each agency’s interests based on the specific circumstances of the enforcement action, but not ruinous to the company.
To ensure a good foundation for pursuing a global settlement, it is crucial to understand the topics covered in Parts 1-4 of this series:
- We identified the potentially relevant US government agencies (and the possibility of non-US government agency involvement) in Part 1;
- In Part 2, we discussed how the investigation may be impacted by the involvement of multiple agencies;
- We provided guidance on voluntary self-disclosures (VSDs) to those agencies in Part 3; and
- In Part 4, we covered the management of interagency communication.