Serco Deal Shows DPAs Still Hold Appeal After SFO Setbacks
Law360, London (July 3, 2019, 7:17 PM BST) -- Outsourcing company Serco's £23 million ($28.9 million) deal with the Serious Fraud Office to resolve a long-running government contract fraud probe marks a milestone for the anti-fraud agency's efforts to increase the use of deferred prosecution agreements to crack down on corporate crime following a series of high-profile setbacks.
The SFO said Wednesday it had resolved the case with Serco under a deferred prosecution agreement, or DPA, which allows a company to avoid prosecution in exchange for paying a fine and demonstrating that its culture and conduct have changed.
The agreement is a watershed moment for Lisa Osofsky, the former U.S....
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