What causes companies to break the law? How do we incentivize them not to? Who should we blame when they do? These are the core questions of corporate compliance and the focus of this class. Rather than reading several court decisions, this class will work primarily from case studies of recent compliance failures. Our goal will be to study what went wrong at the company level and whether the relevant laws are effectively designed to prevent the misconduct. We will also cover theories of regulatory enforcement and punishment. This course will be interesting for those considering compliance positions as well as those interested in regulatory agency and corporate defense practice.