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Justice Department to Target Individuals Involved in Corporate Crimes

Prosecutors will push companies for evidence on executives.

By Tom Schoenberg and David McLaughlin, Bloomberg | Updated on September 10, 2015

The U.S. Justice Department is seeking to increase prosecutions of individual employees for corporate crime and coax companies to turn over evidence on executives after criticism that the government failed to punish wrongdoers in the financial crisis.

Sally Quillian Yates, the department’s No. 2 official, ordered policy changes to push prosecutors to reinvigorate cases, according to a memo she issued Wednesday. Under the new approach, only companies that disclose information about individual wrongdoing may be eligible for lesser penalties for cooperating.

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