Investigations under FIRREA are complex, time consuming, and often involve voluminous productions of documents to the DOJ. In addition, because FIRREA investigations almost always include sensitive financial or customer information, care must be taken to ensure that this information is protected.
Since FIRREA contains fourteen different underlying criminal predicates, it is also important to obtain as much informant as possible from DOJ regarding its investigation, which predicates it believes may have been violated, and what the scope of its investigation will be. Moreover, since a FIRREA investigation examines the potential violation of criminal statutes, it is imperative to determine if parallel criminal investigations exist.
Our attorneys have worked on numerous civil FIRREA investigations involving parallel criminal, or Securities and Exchange Commission, investigations and are intimately familiar with the challenges that these parallel investigations present.