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Browse: Home / 2016 / October / 17 / Oct. 26 Webcast: The Ability-to-Pay Defense — a Strategy for Reducing Criminal Fines

Oct. 26 Webcast: The Ability-to-Pay Defense — a Strategy for Reducing Criminal Fines

By Securities Docket on October 17, 2016, 4:13 pm

In recent years, criminal fines and penalties have risen drastically as a result of price-fixing and bid-rigging conspiracies uncovered among automotive parts manufacturers.  While companies face these mounting fines, they need not accept the fine initially imposed. The United States Sentencing Guidelines do allow for a reduction of a criminal fine based on a company’s inability to pay.

This webcast seeks to inform practitioners on the considerations of this ability-to-pay defense, strategies and process. As an illustration, this webcast includes a case study analyzing a company’s ability to pay a fine resulting from antitrust violations; however, the described methodology has other applications. Additional arenas where this defense has relevance include environmental clean-up costs, healthcare fraud, securities and commodities fraud, as well as FCPA and sanctions violations.

The session will provide insight into the financial analyst’s role in evaluating the company’s financial status and the basis of the framework for the ability-to-pay argument. As part of the case study, the session will walk through an ability-to-pay model including analysis of projected free cash flow and the strength of the company’s balance sheet. Lastly, the session will address the importance of the financial expert’s role in discussions with the DOJ and its financial expert.

Please join our panelists Seth Farber, Partner and Co-Chair of Winston & Strawn’s White Collar, Regulatory Defense, and Investigations Practice; Trey Nicoud, Partner in Gibson, Dunn & Crutcher’s Antitrust and Trade Regulation Practice and Litigation Department; and Basil Imburgia, Senior Managing Director, and Jeff Litvak, Senior Managing Director in FTI’s Forensic and Litigation Consulting Practice, as they address this topic as well as your questions.

To attend this webcast (the live version is scheduled for Wednesday, October 26, 2016 at 1pm Eastern), please register below.


Posted in Industry | Tagged Ability to Pay, Webcasts

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