Partner Justin Weitz spoke with The Wall Street Journal regarding an announcement by the US Department of Justice (DOJ) concerning how the disclosure of possible wrongdoing uncovered in mergers and acquisitions reinforces the need for buyers to dive deep into a target’s compliance efforts—both before and after a deal closes. The news was shared by DOJ Deputy Attorney General Lisa Monaco in a speech on October 4.
“I think we’re going to see that companies will invest as much in due diligence after an acquisition closes [as they do pre-closing],” said Justin, who spent nearly a decade at DOJ’s criminal division. “[I]f they feel they have the timeline to clean up compliance, I think there will be a greater investment in both compliance and due diligence to try and integrate a company quickly and to try to see if there’s any skeletons in the closet.”
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