Need to Know | Nuts-and-Bolts of The Toyota Deferred-Prosecution Agreement

Toyota logoFrom the Wall Street Journal‘s law blog (@WSJLaw and @jacobgershman), here is a good summary of the Highlights from Toyota’s Deferred Prosecution Agreement With Prosecutors.  Note that the agreement provides, as is common, for the appointment of an independent monitor, and the scope of the monitor’s review-authority seems quite broad.  (Perhaps the Government had in mind Apple’s recent battles with its monitor).

Beware of Greeks and corporate monitors bearing gifts.

Beware of Greeks and corporate monitors bearing gifts.

Here is a copy of the Toyota deferred prosecution agreement.

For further reading about the benefits and burdens of DPAs, we’ve discussed them before: White Collar Wire on deferred prosecution agreements