SEC Reaches First Deferred Prosecution Agreement with an Individual

The Securities and Exchange Commission has reached its first deferred prosecution agreement with an individual. According to the SEC’s DPA with Scott Herckis: Herckis served as administrator for Connecticut-based Heppelwhite Fund LP, which was founded and managed by Berton M. Hochfeld. With...

Deferred Prosecution Agreements Now Available in the UK

Prosecutors in the United Kingdom appear to be following the U.S. Justice Department’s lead and are going to be able to use deferred prosecution agreements (DPAs), beginning on February 24. Toward that end, the director of the U.K. Serious Fraud Office (SFO) and the director of Public Prosecutions...

Lidoderm Settlement Costs Endo Pharmaceuticals $192.7 Million

Pharmaceutical company Endo Health Solutions Inc. and its subsidiary Endo Pharmaceuticals Inc. have agreed to pay $192.7 million to resolve criminal and civil liability arising from Endo’s marketing of the prescription drug Lidoderm for uses not approved as safe and effective by the Food and Drug...