Jenner & Block

“The Life Cycle of a Monitorship,” The Guide to Monitorships

In his chapter titled “The Life Cycle of a Monitorship,” Jenner & Block Partner Thomas J. Perrelli—former Associate Attorney General and independent monitor for Citigroup Inc. and the Education Management Corporation—goes through the life cycle of a monitorship, the process of formulating a monitorship agreement and engagement letter, building a monitorship team and publishing final reports.  According to the author, “A final report provides an opportunity to look both backwards and forwards—how far the company has come over the course of the monitorship, the challenges that remain, long-term issues the company will need to address and additional steps the company should take on the road to sustained compliance.”