Justice Department could use $1.2B Toyota fine as template across industries…

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Toyota Fine-S

Justice Department could use Toyota fine as template industries

By Reuters


Published: March 26, 2014, 12:01

WASHINGTON — Federal prosecutors are using the legal theory a $1.2 billion penalty on Toyota to go after misconduct in ranging from auto and makers to mining, a Justice official told Reuters.

The charges of wire fraud Toyota for concealing safety marked the first criminal of its kind against an auto The announcement last week of the between the Department of Justice and immediately prompted speculation its ramifications for General Motors, is under investigation over its of a problem with ignition

Prosecutors generally have a narrower approach in criminal against companies for misleading the over safety issues. firms, for example, have prosecuted under a law that it a crime to market drugs for other than those have been approved as by the FDA.

Auto companies, too, are to a specific law that makes it a for them to mislead regulators safety defects.

Rather prosecute Toyota under law, known as the TREAD the Justice Department relied on a theory arguing that statements about major issues constitute wire

That theory could be across industries, including companies that build or trains, or potentially the mining and oil the DOJ official and legal experts

Toyota Fine-S

“A case of this size is to set an example to entire industries,” Brandon Garrett, a University of Law School professor and expert on crime.

“This isn’t a cautious into criminal investigations and in the auto area,” he said. case is designed to send a big

The framework gives prosecutors the to go after industries that been subject to much prosecution in the past.

Criminal involving corporate malfeasance are hard to prove against individuals, so it is unclear whether the Department’s new framework could target executives responsible for the No Toyota executives were for their roles in the misconduct.

While he did not refer to GM specifically, General Eric Holder when announcing the Toyota that he expected that to serve as a model for how prosecutors approach future cases “similarly situated companies.”

Toyota Fine-S
Toyota Fine-S
Toyota Fine-S

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