House Counsel: Skadden Firm and Prosecution Agreement

house counsel: Prosecutors are considering a civil settlement with the firm or a deferred prosecution agreement with Skadden, these sources said, according to CNN. An attorney for Craig, who left the Skadden firm in April and who was White House counsel under President Barack Obama during the first year of that administration, said his client was not required to register under the Foreign Agent Registration Act. In addition, these sources said, prosecutors in the US Attorney's Office for the Southern District of New York are considering taking action against powerhouse law firm Skadden, Arps, Slate, Meagher & Flom LLP, where Craig was a partner during the activity under examination. A spokeswoman for Skadden didn't respond to a request for comment. The charges in the agreement are then dropped at the end of the period. Exclusive Mueller refers foreign agent inquiries to New York prosecutors A deferred prosecution agreement is an agreement not to prosecute an entity as long as the defendant complies with the conditions of the agreement, and in many cases it dictates that the defendant must commit no new crimes for its duration. (news.financializer.com). As reported in the news.