CRITICAL STEPS FORCRITICAL STEPS FOR
RESPONDING TO
GOVERNMENT
INVESTIGATIONSINVESTIGATIONS
REAGAN E. BRADFORD, DEPUTY GENE...
“That kind of thing happens to
other companies, not mine.
”ot e co pa es, ot e
2
TREND: Increasing Enforcement Activity
with Growing Price Tags
Record Settlements
JPMorgan - $13 billion
J&J - $2.2 billio...
Be Prepared
Knowing the risks what exactly
“Knowing the risks, what exactly
does ‘prepared’ mean?
”
4
BEFORE THE INVESTIGATION BEGINS
1 2
Federal Sentencing Guidelines
(1987)1
3
1 2
The Seaboard Report (2001)2
3
A Resource G...
“CULTURE OF COMPLIANCE”
• Establish standards and
procedures C-SUITE
• High-level personnel
ownership
• Effective training...
GET IT RIGHT FROM THE START
Obstruction of justice / witness tampering1
Regulatory complications2
Prejudice defense / nego...
YOU GOT SERVED
INVESTIGATIVE TOOLS
• Search WarrantsSearch Warrants
• Subpoenas and Civil Investigative Demands
• Requests...
IDENTIFY YOUR TEAM AND NOTIFY
THEM
• In-house counsel
Legal • External counsel
• Independent counsel?
Media
• Internal com...
STEP #1 FOR LEGAL: ISSUE A LEGAL
HOLD
Legal Hold Ground Rules
• Suspend routine document retention/destruction
policies
• ...
SAFEGUARDING PRIVILEGE
Joint DefenseJoint Defense
agreements
Waiver requests
Attorney-Client
Work-Product Waiver requestsW...
EMAIL TRAINING
Watch E mail ChainsWatch E-mail Chains
12
D&O COVERAGE
Review all obligations:Review all obligations:
contractual, statutory and
strategic
Assess coverage
availabil...
ACCRUAL AND DISCLOSURE
ASC 450-20
Disclosure
Continually reevaluate
14
INVESTIGATIVE TOOLS
Search Warrants1
Subpoenas and Civil Investigative Demands2
Requests for Interviews33
15
SEARCH WARRANT
Intrusive and
Disruptive
• Train• Train
• Do not interfere,
but minimizebut minimize
disruption
• Track and...
SUBPOENAS AND CIVIL INVESTIGATIVE
DEMANDS
C t t t• Contact prosecutor
/ regulator
• Manage document
preservation andp
coll...
REQUESTS FOR INTERVIEWS
Surprise! Let’s talk.
• Train
• Written
memomemo
• 5th
Amendment
18
QUESTIONS
CREDITS
Abbe David :Lowell and Obiamaka P.
Madubuko, Knock, Knock. Who’s
There? The Government. ABA Section of
L...
Upcoming SlideShare
Loading in …5
×

Critical Steps for Responding to Government Investigations - Presentation: Reagan Bradford, Chesapeake Energy Corp. - Chief Litigation Officer Summit

588 views

Published on

For more information: emailus@marcusevans.com

Reagan Bradford who is the Deputy General Counsel, Litigation at Chesapeake Energy Corporation delivered his presentation at the marcus evans Chief Litigation Officer Summit March 20-22, held in Las Vegas, NV.

Join the 2015 Summit along with top Chief Litigation Officers and service providers in an intimate environment for a focused discussion of key new drivers shaping the legal industry today.
For more information: emailus@marcusevans.com

Published in: Law
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
588
On SlideShare
0
From Embeds
0
Number of Embeds
53
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Critical Steps for Responding to Government Investigations - Presentation: Reagan Bradford, Chesapeake Energy Corp. - Chief Litigation Officer Summit

  1. 1. CRITICAL STEPS FORCRITICAL STEPS FOR RESPONDING TO GOVERNMENT INVESTIGATIONSINVESTIGATIONS REAGAN E. BRADFORD, DEPUTY GENERAL COUNSEL CHESAPEAKE ENERGY CORPORATIONCHESAPEAKE ENERGY CORPORATION
  2. 2. “That kind of thing happens to other companies, not mine. ”ot e co pa es, ot e 2
  3. 3. TREND: Increasing Enforcement Activity with Growing Price Tags Record Settlements JPMorgan - $13 billion J&J - $2.2 billion$ Deutsche Bank - $1.9 billion SAC Capital $1 8 billionSAC Capital - $1.8 billion Total S.A. - $398 million 3
  4. 4. Be Prepared Knowing the risks what exactly “Knowing the risks, what exactly does ‘prepared’ mean? ” 4
  5. 5. BEFORE THE INVESTIGATION BEGINS 1 2 Federal Sentencing Guidelines (1987)1 3 1 2 The Seaboard Report (2001)2 3 A Resource Guide to the U.S. Foreign Corrupt Practices Act3 Effective Compliance and Ethics Program (2012) 3 5
  6. 6. “CULTURE OF COMPLIANCE” • Establish standards and procedures C-SUITE • High-level personnel ownership • Effective training • Monitor and audit effectiveness • Risk assessments Tone from the Top • Anonymous reporting 6
  7. 7. GET IT RIGHT FROM THE START Obstruction of justice / witness tampering1 Regulatory complications2 Prejudice defense / negotiation position33 7
  8. 8. YOU GOT SERVED INVESTIGATIVE TOOLS • Search WarrantsSearch Warrants • Subpoenas and Civil Investigative Demands • Requests for Interviews 8
  9. 9. IDENTIFY YOUR TEAM AND NOTIFY THEM • In-house counsel Legal • External counsel • Independent counsel? Media • Internal communications personnel E t l lt t Media • External consultants Government Response TeamGovernment Response Team
  10. 10. STEP #1 FOR LEGAL: ISSUE A LEGAL HOLD Legal Hold Ground Rules • Suspend routine document retention/destruction policies • Issue a litigation hold • Identify “key players” • Identify relevant information, collect it and produce it • Know your systemsy y 10
  11. 11. SAFEGUARDING PRIVILEGE Joint DefenseJoint Defense agreements Waiver requests Attorney-Client Work-Product Waiver requestsWork Product Self-Evaluation Outside auditors 11
  12. 12. EMAIL TRAINING Watch E mail ChainsWatch E-mail Chains 12
  13. 13. D&O COVERAGE Review all obligations:Review all obligations: contractual, statutory and strategic Assess coverage availability and notifyIndemnity availability and notify carriers Indemnity Track everything 13
  14. 14. ACCRUAL AND DISCLOSURE ASC 450-20 Disclosure Continually reevaluate 14
  15. 15. INVESTIGATIVE TOOLS Search Warrants1 Subpoenas and Civil Investigative Demands2 Requests for Interviews33 15
  16. 16. SEARCH WARRANT Intrusive and Disruptive • Train• Train • Do not interfere, but minimizebut minimize disruption • Track and• Track and document 16
  17. 17. SUBPOENAS AND CIVIL INVESTIGATIVE DEMANDS C t t t• Contact prosecutor / regulator • Manage document preservation andp collection • Balance• Balance cooperation, scope and costand cost 17
  18. 18. REQUESTS FOR INTERVIEWS Surprise! Let’s talk. • Train • Written memomemo • 5th Amendment 18
  19. 19. QUESTIONS CREDITS Abbe David :Lowell and Obiamaka P. Madubuko, Knock, Knock. Who’s There? The Government. ABA Section of Litigation and Criminal Justice Sectiong Annual CLE Conference, April 13-15, 2011 804 H t R d t G t804: How to Respond to a Government Investigation/Inquiry: The First 30 Days, Association of Corporate Counsel Taylor Phillips, Responding to Government Investigations: Pitfalls and Procedures, Tennessee Bar Journal 20122012

×