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Eric Holder

Justice Dept. encourages prosecutions of corporate execs

Justice Dept. encourages prosecutions of corporate execs

The Justice Department issued new guidance to its prosecutors Wednesday, aimed at encouraging more white-collar criminal and civil cases against corporate executives.

The new policies come amid persistent criticism that the Justice Department, even while negotiating multi-billion-dollar settlements with large banks, has not been aggressive enough in prosecuting individuals for financial misconduct — including after the mortgage crisis that devastated the U.S. economy.

The directives were outlined in a memo issued to Justice Department attorneys and to the FBI. Deputy Attorney General Sally Quillian Yates was expected to lay out the policy changes in a speech Thursday...

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