Advocacy Groups Urge DOJ to Rescind “Safe Harbor” Merger Policy

The policy offers protection from prosecution to companies that self-report misconduct.

Attorney General Merrick Garland received a letter this week from 14 nonprofits and lobbying groups. They urge the Justice Department to reverse a policy that grants “safe harbor” to companies who self-report misconduct when acquiring another company.

The policy pledges that federal prosecutors will not target firms that self-report misconduct discovered within six months of a merger. The groups say the policy presents a loophole for large companies to avoid prosecution.

The “newly announced policy will incentivize more concentration of corporate power through strategically-timed mergers or acquisitions sought in order to wipe the slate clean for lawbreakers,” the groups stated. 

As the Lord Leads, Pray with Us…

  • For Attorney General Garland to seek God’s guidance as he heads the Justice Department.
  • For DOJ officials as they assess the impact of the department’s policies on the actions of companies.

Sources: Reuters, JD Supra


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