With Successful Prosecution of CEO, DOJ Raises the Stakes for Corporate Executives

Feb 11, 2022

Posted by Sidley Austin

Last week, Laurence Doud III (Doud), the 78-year-old former CEO of Rochester Drug Cooperative (RDC), was convicted in the U.S. District Court for the Southern District of New York on criminal charges of conspiracy to unlawfully distribute opioids under the Controlled Substances Act (CSA), as well as conspiracy to defraud the Drug Enforcement Administration (DEA).1 Doud’s conviction under the CSA, a statute primarily used over the last five decades to prosecute street drug dealers and other major narcotics traffickers, carries a mandatory minimum sentence of 10 years of imprisonment and a maximum sentence of life. Continue reading

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