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Twenty years ago, federal courts came under new rules for admissibility of expert scientific testimony from the U.S. Supreme Court decision, Daubert v. Merrell Dow Pharmaceuticals, 509 U.S. 579 (1993). The decision made clear that the 70-year-old test of admissibility of experts' opinions relying on “new scientific techniques,” as set forth in Frye v. United States, 293 F. 1013 (1923), no longer controlled in federal courts. Instead, the Daubert court instructed judges to conduct wide-ranging analyses of not just new scientific techniques, but any testimony of scientific, medical and technical knowledge proffered to assist the jury. Judges were to examine not only the scientific principles relied on, but also the validity of the experts' reasoning and derived opinions. Faced with a proffer of expert scientific testimony, judges are to be gatekeepers at the outset of trial to ensure reliable scientific knowledge will be applied. Daubert, 509 U.S. at 592-593.
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The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.
This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
This article explores legal developments over the past year that may impact compliance officer personal liability.