Bloomberg Law
March 4, 2022, 10:09 PM

Goldman Sachs Legal Chief Knocks Biden DOJ on White Collar Shift

Ben Penn
Ben Penn

Goldman Sachs’ general counsel raised concerns about the Justice Department’s approach to corporate crime, particularly a recent shift in appointing more independent monitors after criminal settlements.

Kathryn Ruemmler, who was promoted to chief legal officer at the financial giant last year, said Friday she’s told Deputy Attorney General Lisa Monaco she disagrees with her on the effectiveness of imposing third-party monitors as part of corporate resolutions.

“I just don’t think it’s a space that the department really should be in,” Ruemmler said at the American Bar Association’s white collar crime conference in San Francisco.

Monaco, who another conference panelist described ...

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