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Ken Yeadon Talks With Crain's Chicago Business and NPR About Federal Authorities' Search of Caterpillar Facilities

March 3, 2017

Hinshaw & Culbertson LLP partner Ken Yeadon — former Assistant U.S. Attorney and a former U.S. Securities and Exchange Commission enforcement attorney — spoke with Claire Bushey of Crain's Chicago Business and Dan Weissman of Chicago's National Public Radio (NPR) station, WBEZ, about federal agents' execution of a search warrant on three of Caterpillar, Inc.'s Central Illinois facilities on March 2, 2017. The agents, from several agencies, seized documents and electronic information during the search, which is believed to be part of an ongoing Internal Revenue Service investigation.

Yeadon explained in the WBEZ piece — which also aired on NPR's national radio program, Marketplace — "It's not unusual [for federal agents] to go in and do a search of say, a crack house. But it is somewhat unusual to go into a Fortune 500, Fortune 100 company." As noted in the Crain's article, "Obtaining a warrant means persuading a judge that probable causes exists to search a person or property, said Ken Yeadon. . . . It does happen, like when prosecutors were building a case against Chicago-based BCI Aircraft Leasing for fraud. But generally, law enforcement only seizes evidence in cases where there's something that, 'if you don't act right away, you're not going to get. A time-is-of-the-essence situation.'"

Read the story "Raid Raises Questions About Caterpillar's Cooperation” on the Crain's Chicago Business website.

Listen to the story, "Caterpillar Says It's Complying With Law Enforcement Following Raid" on the WBEZ website.

Listen to the story, "Raid by Federal Investigators at Caterpillar Is Unusual Move" on the Marketplace website.

Hinshaw & Culbertson LLP is a national law firm with over 450 attorneys providing coordinated legal services across the United States and in London. Hinshaw lawyers partner with businesses, governmental entities and individuals to help them effectively address legal challenges and seize opportunities. Founded in 1934, the firm represents clients in complex litigation and in regulatory and transactional matters.

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