Understanding the Financial Litigation Section of the Department of Justice
Definition & meaning
The Financial Litigation Section of the Department of Justice is a division focused on litigation involving financial matters. This section is responsible for both affirmative and defensive legal actions to safeguard the interests of the United States in commercial cases that involve substantial financial sums. It manages various legal issues, including corporate restructuring, contract disputes, and federal financial programs such as loans, subsidies, and insurance. A primary role of this section is to pursue the recovery of funds owed to the U.S. through criminal and civil judgments.
Legal use & context
This term is commonly used in legal practice, particularly in areas related to finance and corporate law. The Financial Litigation Section engages in cases that may involve:
- Corporate restructuring
- Contract disputes
- Recovery of funds from criminal and civil judgments
Users may find it beneficial to utilize legal templates from US Legal Forms to navigate these processes effectively.
Real-world examples
Here are a couple of examples of abatement:
Example 1: A corporation fails to repay a federal loan. The Financial Litigation Section may initiate legal proceedings to recover the owed amount.
Example 2: A dispute arises over the terms of a federal contract. The section may represent the government in court to resolve the issue. (hypothetical example)