Lexis Diligence Migration Guide Diligence Migrat… · • Ability to search name variants (e.g.,...

Our next-generation due diligence solution is here, LexisNexis® Due Diligence Dashboard is now Lexis® Diligence.

Lexis® Diligence is here to … ƣ Enable better risk mitigation with more robust content, including added global sources

ƣ Improve ease of use and reduce the need for training with a modern, straightforward interface

ƣ Deliver more on-target results faster via flexible search and filtering options

ƣ Standardize your due diligence process across the organization with powerful customization tools

ƣ Supply a more meaningful search History to be used as an audit trail component

Lexis® Diligence Migration Guide


2

This Migration Guide will …• Help you understand the benefits of the new interface

• Address questions you may have about the transition

• Teach you about key differences between Due Diligence Dashboard and Lexis Diligence


3

Overview of Lexis Diligence features that satisfy LexisNexis Due Diligence Dashboard customer requests …• Clean and modern interface design

• Consolidated sources to ensure comprehensive results with much faster review

• Built-in Negative News in English and non-English languages

• Negative News searches can be customized, saved for ongoing use, and even shared across the organization

• Report Builder assembles documents across sources, automatically organizes results by entity, enables prioritization using drag and drop, and allows users to add notes highlighting key findings or next steps for other reviewers

• Preferences Admin Tool (PAT) enables setting (and locking) of features to ensure consistent process is followed across projects and users

• Enhanced History feature offers a more complete, downloadable search history for use as an audit trail component for regulatory compliance

• All content available in LexisNexis Due Diligence Dashboard, plus additional content including:

− All New Legal sources including: Non-U.S. court cases, Federal & State Agency Decisions, Verdicts & Settlements, FINRA Actions & Arbitration Awards, Int’l Law Reviews

− All New Country Risk Profiles

− Expanded global sanctions and Politically Exposed Persons

− Expanded News options, including Major World Publications

− Expanded Company Reports coverage

− Expanded Biographies

• Greater search flexibility/precision when searching public records via search forms customized for each source

• Ability to search name variants (e.g., maiden/married name) with a single search, instead of multiple searches

• Ability to add “no documents found” records to Report Builder

• Alert-set-up in OFAC and global watch lists

• Alert-set-up even when no results initially found

• Toggle to change interface display language (English, French, Dutch, German, Russian, Arabic, Brazilian-Portuguese)


4

Anticipated QuestionsAs you transition from LexisNexis Due Diligence Dashboard to Lexis Diligence, we anticipate that you’ll have certain questions that we’d like to proactively address below. Should you have additional questions, please reach out to your LexisNexis Account representative who would be happy to help, or contact our 24/7 LexisNexis Customer Support team at 800-543-6862.

Logistics

Question Answer

What is the URL for Lexis Diligence? It’s an easy one: www.lexisnexis.com/dd.

Will I need to learn a new ID and Password when accessing Lexis Diligence?

For most customers, the answer is “no.” Access to Lexis Diligence will be enabled on the same ID/Password that you previously used for LexisNexis Due Diligence Dashboard.

The exception would be if your organization and your LexisNexis account representative decide to use this transition as an opportunity to restructure your account and user groups, which could necessitate the need for new credentials to be issued.

Are there any changes to system requirements? No, the same recommendations for computer screen resolution and connection methods apply. LexisNexis Due Diligence Dashboard and Lexis Diligence also have the same minimum hardware requirements and support the same browsers.

Content

Question Answer

I notice that the Lexis Diligence search forms include fewer checkboxes for sources than LexisNexis Due Diligence Dashboard.

While I like the simplified look, I’m mostly concerned about comprehensive coverage. Are all of the sources from LexisNexis Due Diligence Dashboard still covered?

Yes. Lexis Diligence includes all of the sources available in LexisNexis Due Diligence Dashboard – plus more!

In order to streamline the research process we have consolidated some sources and eliminated redundancies across others. This makes the process of selecting sources less “overwhelming” — a term some LexisNexis Due Diligence Dashboard customers have used to describe the volume of choices — and greatly reduces the amount of time needed to review the results.

Most importantly, these efficiency gains are delivered while expanding the depth and breadth of coverage on which you rely for complete due diligence.

www.lexisnexis.com/dd


5

Content continued

Question Answer

I see the benefit of the consolidated approach to source selection, but how do I find the sources that I used to search now that they are renamed and located in different places?

We understand that you likely have a particular process you follow when conducting due diligence, including the selection of specific sources based on the LexisNexis Due Diligence Dashboard interface. While the new interface will require that you update your processes, we are confident that the efficiencies you gain over time, and the better risk mitigation you achieve via the additional content offered, will be worth the slight discomfort of the adjustment period.

Learning the layout of Lexis Diligence is the first step to understanding where familiar sources have gone. Then, review the source comparison tables to map sources from LexisNexis Due Diligence Dashboard Individual tab to Lexis Diligence Person Check; and LexisNexis Due Diligence Dashboard Company tab to Lexis Diligence Company Check.

You mentioned previously that Lexis Diligence includes all sources from LexisNexis Due Diligence Dashboard, “plus more.” What’s been added?

With Lexis Diligence, we have expanded coverage within content categories that were available with DDD, including additional News, Company Reports, D&B® Profiles, Sanctions & Warnings, Politically Exposed Persons, Biographical Sources, and Cases.

Lexis Diligence also includes all new categories of Legal information not found with LexisNexis Due Diligence Dashboard, including: Federal Agency Decisions; State Administrative Agency Decisions; Jury Verdicts & Settlements; and Law Reviews.

Lastly, we’ve added an entirely new workflow option with Lexis Diligence. So in addition to being able to check a person or company, you can evaluate the risk of doing business in a particular country with the Country Check. In addition to News and Negative News by country, this section includes Country Risk Reports, not available with LexisNexis Due Diligence Dashboard.

Return to page 6


6

Searching

Question Answer

The Lexis Diligence search pages look much more straightforward than LexisNexis Due Diligence Dashboard, which provides a cleaner appearance, but is the system as powerful?

As with LexisNexis Due Diligence Dashboard, the “power” of Lexis Diligence lies in

• Backend queries that simplify the research process while providing precise results

• The federated search capability, which enables many sources to be searched simultaneously, saving time as these searches would have traditionally been executed one-by-one

• The comprehensive collection of news, business, legal, and public records content that deliver a 360° view of a person or company

Lexis Diligence offers additional power via new product features and added content.

The Lexis Diligence search forms appear simpler than those in LexisNexis Due Diligence Dashboard. For instance, I notice that the address-specific fields have gone away and have been replaced by Additional Terms boxes. Can I still search by address? What are “Additional Terms”?

Yes, you can still search by address, though as with LexisNexis Due Diligence Dashboard, you should consider the applicability of this information to the sources you’ve selected. For instance, a complete address isn’t likely to be mentioned in a News article, but a city’s name could be. Where complete addresses can be most helpful are with public records sources, which are now in a unique part of the product, see more on this below.

“Additional Terms” can be any words or phrases that will add specificity to your search. The objective is to strategically narrow your scope in order to return more on-target results. For instance, when searching a person with a common name, you may wish to enter:

• Names of companies where the person currently works, or has worked in the past

• Names of other people closely associated with the individual (e.g., other execs at the same company, spouse’s name, etc.)

• Names of academic institutions where the person attended school

• Name of the person’s profession (e.g., physician, lawyer, accountant, etc.)

• Names of associations, clubs, or other organizations in which the person is a member

• Names of towns where your target lives or has lived

This strategy allows you to find results on the “right” person, not on everyone else by the same name. You could take a similar approach when searching a company with an ambiguous or generic name, such as “ABC Inc.”

So though the Lexis Diligence search form looks simple, it actually provides you with greater search flexibility than LexisNexis Due Diligence Dashboard and without the error messages that DDD users have reported as confusing.


7

Searching

Question Answer

How do I use the AND/OR pulldown on the search form?

A person’s or company’s name (depending on which search form is used) is always searched in conjunction with Additional Terms. Whether you want all or some of the Additional Terms specified to be a required part of your search depends on whether you select AND/OR from each pulldown.

AND always narrows your search by requiring that all terms separated by this connector be required within the documents returned. In the example below, only documents that mention Lisa Richardson in conjunction with LexisNexis AND International Business Research AND Lawrenceville will be returned.

OR always broadens your search by allowing any of the terms separated by this connector to be required within the documents returned. In the example below, only documents that mention Lisa Richardson in conjunction with LexisNexis OR International Business Research OR Lawrenceville will be returned.


8

Searching

Question Answer

Mixing AND and OR offers flexibility. In the example below, only documents that mention Lisa Richardson in conjunction with LexisNexis AND International Business Research OR Lawrenceville will be returned. So the person’s name and “LexisNexis” are required, but between “International Business Research” and “Lawrenceville,” only one of these terms is required.

Note, once you’re comfortable with the AND/OR operators, you may use them freely within any of the individual Search Terms boxes, including Additional terms boxes. As shown below,


9

Searching

Question Answer

What’s this “Edit” button next to the Negative News option?

LexisNexis Due Diligence Dashboard customers told us that while they greatly value the Negative News search that LexisNexis provides (in fact, it’s their favorite search), that some of the terms that we utilize in our default query are not necessarily relevant to their needs, and that certain terms that are unique to their industry are not represented.

Well, we heard your feedback and have responded.

You can now utilize our default Negative News query as-is, OR you can choose to modify this query to suit your own needs by clicking the “Edit” link next to Negative News.

Best of all, if you change the query, you can save your changes for ongoing use, so you don’t have to make the change with each and every search you run (as you would with LexisNexis Due Diligence Dashboard). And if you leverage the Preferences Admin feature, you can apply your customized Negative News query to all users in your organization with one click. You can even “lock” the query if you want to ensure that everyone consistently uses the same search.

More good news. With Lexis Diligence we’ve created default Negative News queries for non-English languages as well. So now you can search Negative News in English AND non-English News … and you can customize these searches, in English and Non-English languages if you choose.

Is there a way to search alternate name variations?

Yes! Simply separate name variations with the “OR” option to look for variations with a single search. See the example below.

The reason that you can use this simple method with Lexis Diligence is that we’ve separated public records sources — some of which do not permit use of the “OR” operator – from non-public records sources.

Because these sources were frequently combined in LexisNexis Due Diligence Dashboard (via the “select all” option), you could not utilize this simple method, requiring that multiple searches be executed in order to cover simple name variations.

With the separation of public records (see next question) you cannot only receive more precise results when searching public records, but you gain greater search flexibility when searching non-public records content, such as being able to search name variants with a simple search by just using the “OR” option.


10

Searching

Question Answer

I see a section on the right side of the page labeled Public Records Search Forms. Do I need to search public records separately now? Why was this change made?

Separating public records from non-public records sources gives you a few key advantages:

1. By separating public records, you can easily search name variations (see preceding question) with non-public records databases by using a simple “OR” operator.

2. By separating public records, you can now search public records using criteria specific to that content, such as: Social Security number, date of birth, specific address, parcel numbers, charter numbers, FEINs, previous states, etc.

Why do these two points matter? Because both enable you to create more precise searches, which produce more on-target results, which save you a tremendous amount of time in reviewing documents!

Reviewing Results

Question Answer

How to I find results from specific sources that used to be on their own tab?

Though sources have been consolidated to reduce the overall number of tabs — thus increasing efficiency and reducing redundancy across tabs you can still access results from individual sources by leveraging the “Source” section of the Narrow Your Results panel along the left side of any results view.

For instance, in the example below, a search was run against D&B Global Profiles, a source that combines several D&B databases. By default, you’ll be looking at all combined results at once, but if you wish to isolate results from a single source, simply click on that source name in the Narrow Your Results panel.

Return to page 6


11

New Features

Question Answer

I’m seeing several new features in Lexis Diligence that are unfamiliar to me, such as Report Builder and User Preferences. What new features have been added with the change to Lexis Diligence and why are they beneficial?

With Lexis Diligence we are introducing several new features that address unmet needs expressed by our LexisNexis Due Diligence Dashboard customers.

Country Check

Lexis Diligence offers a new search form called “Country Check” that enables you to simply select a country from a pulldown and pull risk reports that provide background on the country’s outlook, political and economic structure, plus negative news on the region.

Whether you’re performing due diligence on a prospective investment or business partner, researching a new market, or planning an export drive, the Lexis Diligence collection of Country Risk Reports enables you to evaluate the risk of doing business in a particular country. This is especially helpful for regions where you’ve never done business before, or in countries where you think there’s a high-risk, but need to learn more.

Customizable Negative News even in Non-English SourcesAs with LexisNexis Due Diligence Dashboard, the Negative News option within Lexis Diligence finds adverse news on a person or company by looking for the entity name in association with words like embezzle, fraud, indict, launder, etc. Unlike LexisNexis Due Diligence Dashboard, which offers Negative News for English-language publications only, Lexis Diligence offers Negative News for English and non-English languages, including Arabic, French, German, Italian, Portuguese (incl. Brazil), Russian, and Spanish.

Another new feature is that users can leverage our Negative News queries as-is, or customize them to meet their unique needs.

Regulators recommend the inclusion of adverse news searches as part of a complete due diligence program. With the LexisNexis global, comprehensive news coverage — with some sources spanning over 40 years — you can identify whether there’s an on-going pattern of negative activity to be considered. And since Negative News now covers English and non-English languages, it’s perfect for the global scope of today’s due diligence needs.

Return to page 6


12

Report BuilderThe Report Builder enables you to add relevant documents across any results tab associated with Person Check, Company Check, or Country Check. You can then email, print, or download the consolidated report.

Being able to download results into a report across multiple sources is a huge time saver. The finished product presents a relevant deliverable that can be shared with others involved in your due diligence project.

• Results are automatically categorized by the entity searched.

• You can prioritize documents using drag-and- drop technology.

• Notes can be added to summarize key findings or to specify next steps for other reviewers.

• The PDF output complies with the requirement of many organizations to deliver a non-editable format.

• The report automatically includes a table of contents to enable easy browsing and navigation.

You can even add “no documents found” records to Report Builder. From a due diligence perspective, the absence of documents — particularly in sources such as sanctions and watchlists — is as important as the presence of documents. This documentation can be particularly important if you are audited by a regulator and need to prove that adequate due diligence was performed.


13

Examples of customization options include:

• Customizing negative news queries (in English and non-English languages) to suit your unique due diligence standards and industry particulars

• Setting default date ranges, such as 2 years for News searches

• Requiring that certain sources — such as Sanctions & Warnings — must always be searched by end users

Admin PreferencesLexis Diligence offers powerful customization features that enable you to adapt the tool to your internal processes. Fine-tuned settings can be easily applied by an assigned administrator to all users in the account, ensuring both process consistency and adherence to due diligence protocols.

• Setting PDF as the only download format, for customers with a requirement for a non-editable delivery

Setting defaults at an organizational level ensures that all users within an account are performing due diligence using the same approach and in a manner consistent with the organization’s risk based due diligence protocols.

User PreferencesUser Preferences are similar to Admin Preferences, except that individual end users do not have the ability to control settings beyond their personal use. By selecting preferred search forms, sources, date ranges, and so on, you can speed your research process by eliminating the need to consider each individual search option with every query. Note that end users cannot override a setting “locked” by an administrator.

HistoryThe History feature within Lexis Diligence overcomes many of the limitations of the equivalent feature in LexisNexis Due Diligence Dashboard. It displays the searches a user has run over the past 30 days with no limit on the number of entries. It displays the name of the entity searched, the source type/source name, complete query, date/time stamp, and cost code. History entries can even be downloaded as a PDF or spreadsheet.

You can quickly resume work from past sessions by re-running any query from the History. And even more importantly, by downloading your Search History, you instantly create another component to your audit trail, which is essential for regulatory compliance.


14

Alerts

Question Answer

I had some alerts set up, where did they go? If you created Alerts via the Individual or Company tabs in LexisNexis Due Diligence Dashboard, your alerts are stored under the nexis.com® link beneath the Additional Resources section of Lexis Diligence. If you’ve been receiving Alerts automatically via email, you emails will continue to be delivered with no interruption. Your ID/Password for Lexis Diligence and nexis.com are the same.

When you want to create new alerts, you should do so via the Alerts tab within Lexis Diligence (see below).

AlertsAn organization’s circumstances change all the time. Lexis Diligence lets you monitor key suppliers, partners, officers, directors, and other business associates in order to quickly take action on new opportunities or mitigate risks. Alerts help you monitor important changes in financial health, legal entanglements, and new conflicts of interest.

The latest results from crucial sources such as Negative News and Sanctions & Warnings can be delivered to your email or viewed online. Alerts through Lexis Diligence offer two new features that can be important to your process.

1. An alert can be created from any source available via Person Check, Company Check, or Country Check, including Sanctions & Warnings content (OFAC among many) and Politically Exposed Persons. These could not be saved as alerts with LexisNexis Due Diligence Dashboard.

2. Alerts can be set up even if no results are initially found. Even if your initial search finds no results it doesn’t mean that results won’t crop up in the future, so being able to create Alerts even when no results are initial found is vital. This feature is new with Lexis Diligence.


15

Additional Resources

Question Answer

I used to use the Nexis® (or Lexis) tab to run certain types of searches, or access sources not covered in the main LexisNexis Due Diligence Dashboard workflow. Is that still available?

Yes, instead of seeing a Nexis or Lexis tab across the top of the LexisNexis Due Diligence Dashboard page, you’ll see a link in the Additional Resources section of the Lexis Diligence home page. Check out the layout comparison to learn where to go. Your content coverage will be identical.

Where did the Web sources go, and the In the News section?

Links to external websites and In the News links are now available via the Resources tab in Lexis Diligence. Check out the layout comparison to learn where to go.

Training & Support

Question Answer

What should I do if I need more help learning how to use Lexis Diligence?

When LexisNexis was selected as your information partner, your organization secured a variety of support options, all at no additional cost.

24/7 Customer support: 800-543-6862

Telephonic training: Arrange a customized telephonic consulting session by calling 800-227-9597 Ex.52111; or by Completing this online form.

In-person training: Talk with your LexisNexis Account Representative about our in-person training options.

Self-service options:

• Instructional video tutorials ranging from 90 seconds to 10 minutes on a wide variety of aspects of using Lexis Diligence

• Contextual help system

http://www.lexisnexis.com/en-us/training/telephonic-consulting.page


16Return to Q&A

LexisNexis Due Diligence Dashboard Objection: The same publications are covered on multiple tabs, creating redundancy, which is time consuming to review.

If you select certain sources simultaneously, you will find overlapping results across tabs. For instance, Screen #1 below shows results from “Company Profiles,” while Screen #2 shows “International Company Profiles.” In the first five results alone, four documents are the same across tabs.

Screen #1

Screen #2

Lexis Diligence Solution: Overlapping sources are eliminated.

By consolidating closely related sources under a single tab, the overlapping of sources across tabs is eliminated.

Below this point are support materials linked to from the Q&A sections above.


17Return to Q&A

LexisNexis Due Diligence Dashboard Customer Objection: It takes too long to review results due to the large number of tabs; navigation is cumbersome; and the order of tabs doesn’t “make sense.”

For each source selected on the search form, you are presented with a corresponding tab of results to review. When you “select all” sources you are presented many tabs and subtabs to review. LexisNexis Due Diligence Dashboard customers have expressed that clicking on this many tabs is too time consuming.

Furthermore, some customers have complained that the order of results doesn’t “make sense.” For example, with a Company search, the default source is Business Locator, which provides helpful identification information, but no red flags.

Lexis Diligence Solution: Fewer tabs, reorganized display.

With Lexis Diligence, sources are searched in a more consolidated manner, so the same comprehensiveness is achieved — in fact, even more global content is covered — but with fewer tabs of results to review. Sources are still divided into logical categories for ease of review. Fewer tabs mean much faster results review — at least 3 times faster. Filters on the left side of the results page can be used to pinpoint particular sources, subjects, etc.

Negative News is the default tab. LexisNexis Due Diligence Dashboard customers have expressed that this is their priority because of the immediate red flags that can be revealed.


18Return to page 15

Layout Comparison: LexisNexis Due Diligence Dashboard vs. Lexis DiligenceDDD Premium Top Level Navigation

Lexis Diligence Comparative Features

Return to page 5


19Return to Q&A

Due Diligence Dashboard—Individual Tab Lexis Diligence—Person Check

If you selected this source in LexisNexis Due Diligence Dashboard …

Select this source in Lexis Diligence …

Person Locator Comprehensive Person Report/Person Locator*

Social Sec Death Records Comprehensive Person Report/Public Records— All Searches*

Bankruptcies Comprehensive Person Report/Bankruptcies, Judgments & Liens*

Judgments & Liens Comprehensive Person Report/Bankruptcies, Judgments & Liens*

Property Records Comprehensive Person Report/Property Records*

Professional Licenses Comprehensive Person Report/Professional Licenses*

General News All English Language News†

Negative News All English Language News† (Negative News option)

Non-English News All Non-English Language News†

Corporate Filings Corporate Filings

Company Profiles Company Reports†

Executive Directories Biographical Sources†

Fictitious Business Names Fictitious Business Names

D&B Global Market Identifiers D&B Global Profiles†

D&B Minority & Women Owned Businesses D&B Global Profiles†

D&B Private Company Insight Company Reports†

HHS Excluded Individuals/Entities Company Reports†

Sanctions & Regulatory Actions Sanctions & Warnings†

OFAC & Global Sanctions Sanctions & Warnings†

OSHA Inspection Reports Public Records—All Searches

Politically Exposed Persons & Foreign Agent Registrations PEP

WorldCompliance PEP PEP

Watchlists and Blacklists Sanctions & Warnings†

Producer Sanction Report Company Reports†

NYSE/NASD Disciplinary Actions Sanctions & Warnings†

U.S. District Court Civil & Criminal Filings Dockets

Combined State Civil & Criminal Filings Dockets

Criminal History Comprehensive Person Report / Criminal History*

Federal & State Court Opinions Cases†

Source Comparison Table—LexisNexis Due Diligence Dashboard Individual Tab vs. Lexis Diligence Person Check

* The Comprehensive Person Report automatically covers this source, but the source can also be searched individually † Indicates that Due Diligence Dashboard source is covered, plus new sources are now available


20Return to Q&A

Source Comparison Table—LexisNexis Due Diligence Dashboard Company Tab vs. Lexis Diligence Company Check

Due Diligence Dashboard—Company Tab Lexis Diligence—Company Check

If you selected this source in Due Diligence Dashboard … Select this source in Lexis Diligence

Business Locator Comprehensive Business Report/Business Locator*

Corporate Filings Comprehensive Business Report/Corporate Filings*

Company Profiles Company Reports†

D&B FEIN D&B Global Profiles†

D&B Global Market Identifiers D&B Global Profiles†

D&B Minority & Women Owned Businesses D&B Global Profiles†

D&B Private Company Insight Company Reports†

Experian® Business Reports Company Reports†

Fictitious Business Names Comprehensive Business Report/Fictitious Business Names*

International Company Profiles Company Reports†

PIERS Trade Profiles Company Reports†

Directory of Corp. Affiliations Company Reports†

Exhibit 21 of SEC Filings Company Reports†

Mergerstat® Company Reports†

Corpfin Worldwide Company Reports†

General News All English Language News†

Distressed Company Alerts Company Reports†

Distressed News All English Language News† (Negative News option)

Negative News All English Language News† (Negative News option)

Chinese Company Announcements All English Language News†

Non-English News All Non-English Language News†

Annual Reports to Shareholders Company Reports†

Proxy Statements Company Reports†

Periodic Reports (10-K, 10-Q, 8-K etc.) Company Reports†

Insider Trading Filings Company Reports†

Material Contracts Company Reports†

SEC No Action Letters & Releases Federal Agency Decisions

Vickers Institutional Holdings Company Reports†

Sagient Placement Tracker PIPE Database Company Reports†

HHS Excluded Individuals/Entities Company Reports†

OFAC & Global Sanctions Sanctions & Warnings†

OSHA Inspection Reports Public Records—All Searches

Politically Exposed Persons & Foreign Agent Registrations Covered by Person Check

Producer Sanction Report Company Reports†


21

Due Diligence Dashboard—Company Tab Lexis Diligence—Company CheckIf you selected this source in Due Diligence Dashboard … Select this source in Lexis Diligence

Sanctions & Regulatory Actions Sanctions & Warnings†

Watchlists and Blacklists Sanctions & Warnings†

WorldCompliance PEP Covered by Person Check

U.S. District Court Civil & Criminal Filings Dockets

Combined State Civil & Criminal Filings Dockets

Federal & State Court Opinions Cases†

Judgments & Liens Comprehensive Business Report/Bankruptcies, Judgments & Liens*

UCC Liens Comprehensive Business Report/Public Records - All Searches*

Bankruptcy Comprehensive Business Report/Bankruptcies, Judgments & Liens*

ISS Corporate Governance Quotient Company Reports†

Source Comparison Table—LexisNexis Due Diligence Dashboard Company tab vs. Lexis Diligence Company Check—continued …

* The Comprehensive Business Report automatically covers this source, but the source can also be searched individually † Indicates that Due Diligence Dashboard source is covered, plus new sources are now available

Expanded Coverage within Existing Content CategoriesThe lists below show expanded coverage within categories of information previously available with DDD. For instance, while DDD offered Sanctions sources, those shown below are new to that category. To reiterate, all previous DDD sources are still available, all sources below are additional for even greater coverage.

Sources available in both products not listed below; see comparison tables above to learn more about sources covered in both solutions.

Additional News Sources*Major World Publications Dutch Language News

Major World Newspapers French Language News

UK Publications German Language News

U.S. News Italian Language News

Asia Pacific News Portuguese Language News

All News, All Languages Russian Language News

Arabic Language News Spanish Language News

* All of these sources can be selected with Negative News or the broader News search options; this flexibility was not available with DDD.

Return to Q&A


22Return to Q&A

Additional Company ReportsBankruptcy Court Documents Nelson’s Specialty/Regional Analyst Coverage

Bankruptcy DataSource — Plans of Reorganization NetProspex Contacts Database

BMI Company Analysis Reports News Invest — Actualités des introductions en bourse

Consensus Earnings Estimates, Nelson’s News Invest — Analyses financières

Consensus Earnings, Market Guide News Invest — Calendriers des événements

Curatoren.nl News Invest — Communiqués des sociétés

Dutch Company Information Mergers & Acquisitions News Invest — Modalités

Dutch Company Information, Managers and Directors News Invest — Performance

gtai - Investitions- und Entwicklungsvorhaben News Invest — Prospectus

gtai - Länder und Märkte News Invest — Rapports annuels

gtai – Rechtsdatenbank News Invest — Slideshows

Hoover’s® Industry Snapshots Professional Contacts

ICC Directors (Irish) ProfitCents Analyst Reports

Integra Industry Reports Prospects of Wealth

Jigsaw People Profiles Public Company Bankruptcy Filing Information

Johannesburg Stock Exchange News Service (SENS) SDC Poison Pills Report

L’AGEFI – Biographies The Complete Marquis Who’s Who® Biographies

London Stock Exchange Corporate Actions Service Top Management Biographies

Market Guide Executives U.S. Executive Compensation Database — Executive Biographies

Market Guide Insider Trading U.S. Institutional Database

Market Guide Significant Developments Vickers Securities Report

McGregor—CIPRO Bios Weiss Stock Research Reports

Mergers & Acquisitions in Canada WMI Company Deals

Nelson’s Analyst Company Coverage Zacks Equity Research

Additional Dun & Bradstreet® SourcesD&B Duns Decision Makers

D&B Duns Principals

D&B Executive Affiliations

Additional Sanctions & WarningsSanctions Lists from Info4C

Financial Industry Regulatory Authority (FINRA/NASD) Arbitration Awards


23Return to Q&A

Additional Politically Exposed PersonsThe PEP Desk™ Database from Info4C

Additional Biographical SourcesMartindale-Hubbell® Law Directory — Practice Profiles Congressional Member Profile Reports

Biographies of Ams (Welsh Assembly) Gale Biographies

Biographies of Civil Servants The Almanac of American Politics

Biographies of Members of the European Parliament The Associated Press® Candidate Biographies

Biographies of MLAs (Northern Ireland Assemblies) The Complete Marquis Who’s Who® Biographies

Biographies of MSPs (Scottish Parliament) Top 100 Intelligence Economique

Biographies of Peers Top 100 Lobbying D’Entreprise

Biographies of Westminster Members of Parliament

Additional Cases (all non-U.S.)All Hong Kong Case Law Inédit Cour d’appel

Commonwealth & Irish Cases, Combined — Full Text Only International Court of Justice Decisions, Combined

England & Wales Cases: 2010 to Current JurisData & Cours suprêmes

English and Wales Cases: 1561 – 2010 Jurisprudence administrative

European Court of Justice Cases Selected By Butterworths® Malaysia and Brunei Cases

All New: Federal Agency DecisionsAgriculture Decisions FERC General Counsel Opinions

Armed Services Board of Contract Appeals Decisions FHLBB and OTS Chief Counsel Opinions

Army Corps of Engineers Board of Contract Appeals Decisions

General Services Administration Board of Contract Appeals Decisions

Board of Alien Labor Certification Appeals Decisions Health & Human Services Departmental Appeals Board Decisions

Browse Current SEC No-Action, Exemptive & Interpretive Letters

Housing & Urban Development Board of Contract Appeals Decisions

Civil Aeronautics Board Decisions Housing & Urban Development Department Decisions

Commodity Futures Trading Commission (CFTC) Decisions Immigration Precedent Decisions

Commodity Futures Trading Commission No-Action, Interp. & Exemptive Letters

International Trade Commission Administrative Law Judge Decisions

Consumer Product Safety Commission Decrees, Rules, Agreements & Notices

International Trade Commission Decisions

Defense Office of Hearings & Appeals Decisions International Trade Commission General Counsel Memoranda

ALL NEW Legal Content CategoriesThe lists below include sources from completely new legal content categories. These source types were not included with DDD.


24

All New: Federal Agency Decisions — continued …

Department of Agriculture Board of Contract Appeals Decisions

Interstate Commerce Commission Decisions

Department of Education, Office of Hearings & Appeals Decision

IRS Actions on Decisions

Department of Energy Board of Contract Appeals Decisions IRS Cumulative Bulletin and Internal Revenue Bulletin

Department of Interior ALJ Decisions IRS General Counsel Memoranda (Archive)

Department of Interior Board of Contract Appeals Decisions IRS Private Letter Rulings and Technical Advice Memoranda

Department of Interior Board of Indian Appeals Decisions IRS Revenue Rulings

Department of Interior Board of Land Appeals Decisions IRS Technical Memoranda (Archive)

Department of Justice 1984 Merger Guidelines Merit Systems Protection Board (MSPB) Decisions

Department of Justice Business Review Letters Merit Systems Protection Board Administrative Judge Initial Decisions

Department of Justice Proposed Decrees & Judgments Merit Systems Protection Board Decisions — Board and AJ Decisions Combined

Department of Justice Vertical Restraints Guidelines Motor Carrier Cases

Department of Labor Benefits Review Board Decisions NASA Board of Contract Appeals Decisions

Department of Labor Board of Contract Appeals Decisions National Labor Relations Board Decisions

Department of Labor ERISA Opinion Letters National Labor Relations Board General Counsel Memoranda

Department of Labor Wage & Hour Opinion Letters National Mediation Board Decisions

Department of Transportation Aviation Decisions National Transportation Safety Board Decisions

Department of Transportation Board of Contract Appeals Decisions

Native American Solicitor’s Opinions

Department of Veterans Affairs, Office of General Counsel Decisions

NLRB Regional Director Decisions

Departments of Interior and Commerce NOAA Administrative Decisions

Nuclear Regulatory Commission Decisions

Dept. of Housing and Urban Development Office of Administrative Law Judge Decs.

Office Comptroller Currency Enforcement Decisions

Dept. of Housing and Urban Development Office of Appeals Decisions

Office Comptroller Currency Interpretative Letters (Published)

District of Columbia Contract Appeals Board Decisions Office Comptroller Currency Interpretative Letters (Unpublished)

DOL Employees Comp. Appeals Board Decisions Office of Chief Admin. Hearing Officer Immigration Review Decisions

EBSA Field Assistance Bulletins Office of Financial Institution Adjudication ALJ Decisions

EPA Administrative Law Judge Decisions Office of Government Ethics, Advisory Letters, and Memoranda

EPA Civil Penalty Policies Office of the Comptroller of the Currency — Circulars, Bulletins & Journals

Return to Q&A


25Return to Q&A

All New: Federal Agency Decisions – continued …

EPA Consent Decrees Pension Benefit Guaranty Corporation Opinion Letters

EPA Debarment Decisions Postal Service Board of Contract Appeals Decisions

EPA Environmental Appeals Board Decisions Resolution Trust Corp. Complaints

EPA General Counsel Memoranda Resolution Trust Corp. Opinions and Decisions

Equal Employment Opportunity Commission Private Sector Decisions

Resolution Trust Corp. Press Releases

Equal Employment Opportunity Commission Public Sector Decisions

SEC Decisions, Orders & Releases

FDIC Institution Letters and Enforcement Decisions Small Business Admin 8a Office of Hearings & Appeals Decisions

Federal Aviation Administration Decisions Small Business Administration Office of Hearings and Appeals

Federal Energy Regulatory Commission Decisions Social Security Rulings

Federal Labor Relations Authority Decisions Surface Transportation Board Decisions

Federal Mine Safety and Health Review Commission Decisions The Nuclear Regulatory Commission Enforcement Actions

Federal Power Commission Decisions U.S. Board of Veterans Appeals

Federal Reserve Applications Approval/Denials U.S. Customs & Border Protection Bulletins & Decisions

Federal Reserve Interpretive Letters U.S. Customs & Border Protection Rulings — HQ Series

Federal Reserve Orders and Notices U.S. Customs & Border Protection Rulings — NY Series

Federal Reserve Written Agreements U.S. Attorney General Opinions

Federal Service Impasses Panel Decisions U.S. Comptroller General Decisions

Federal Trade Commission Consent Decrees U.S. Trademark Trial & Appeal Board Decisions

Federal Trade Commission Decisions Veterans Affairs Board of Contract Appeals Decisions

All New: State Administrative Agency DecisionsAK Attorney General Opinions MS Secretary of State, Securities Division

AK Dept. of Revenue Decisions MT Dept. of Revenue Rules

AK Oil and Gas Conservation Commission Decisions MT Public Service Commission Decisions

AK Regulatory Commission Decisions MT State Auditor’s Office, Securities Dept.

AK Secretary of State Securities Orders, Releases, and Letters MT State Tax Appeal Board Decisions

AK Workers’ Compensation Decisions MT Workers’ Compensation Decisions

AL Attorney General Opinions NC Dept. of Revenue Decisions

AL Dept. of Revenue Materials NC Dept. of the Secretary of State

AL Environmental Administrative Decisions NC Environmental Administrative Decisions

AL Public Service Commission Decisions NC Industrial Commission Decisions

AL Secretary of State Securities Orders, Releases, and Letters NC Utilities Commission Decisions

AZ Attorney General Opinions ND Environmental Decisions

AZ Board of Tax Appeals ND Office of Commerce of Securities

AZ Corporation Commission Decisions ND Public Utility Commission Decisions


26

All New: State Administrative Agency Decisions — continued …

AZ Corporation Commission Utilities Division Decisions NE Dept. of Revenue Regulations and Rulings

AZ Tax Court Cases NE Public Service Commission Decisions

CA Attorney General Opinions NE Workers’ Compensation Decisions

CA Board of Equalization Opinions NH Board of Tax and Land Appeals

CA Compensation Cases NH Bureau of Securities Regulation, Dept. of State

CA Compensation Cases — Test NH Dept. of Environmental Services Decisions

CA Dept. of Corporations Decisions NH Public Utilities Commission Decisions

CA Fair Employment & Housing Commission NJ Board of Public Utilities Decisions

CA Fair Political Practices Commission NJ Civil Rights Agency Decisions

CA Franchise Tax Board Chief Counsel Rulings NJ Civil Service Commission Decisions

CA Franchise Tax Board Decisions NJ Dept. of Environmental Protection Decisions

CA Franchise Tax Board Information Letters NJ Dept. of Law and Public Safety, Bureau of Securities

CA Occupational Safety & Health Appeals Board NM Public Regulation Commission

CA Public Employment Relations Board NM Secretary of State Securities Orders, Releases, and Letters

CA Public Utilities Commission Decisions NV Dept. of Tax Regulations

CA Water Resources & Toxic Substances Control NV Public Utilities Commission Decisions

CO Attorney General Opinions NV Secretary of State, Securities Division

CO Dept. of Revenue Determinations, Bulletins and FYI Letters

NY City Dept. of Finance Letter Rulings, Hearing Decisions, Regs

CO Division of Securities; Decisions, Releases and Letters NY City Human Rights Commission Decisions

CO Public Utilities Commission Decisions NY Dept. of Education Commissioners Decisions

CO Workers’ Compensation Decisions NY Public Service Commission Decisions

CT Dept. of Revenue Services Materials NY State Issuers’ Allocation Percentages

D.C. Contract Appeals Board Decisions NY State Tax Materials

D.C. Environmental Decisions NY Workers’ Compensation Decisions, LRP

D.C. Off. of Emp. Serv. Director’s Decisions/Compensation Review Board

OH Board of Tax Appeals Orders

D.C. Office of Employment Services, Hearings & Adjudication Section

OH Civil Rights Commission Decisions

D.C. Public Service Commission Decisions OH Dept. of Commerce, Division of Securities; Decisions

D.C. Tax Regulations OH Dept. of Taxation Information Releases

D.C. Workers’ Compensation Decisions OH Environmental Review Appeals Commission Decisions

DE Attorney General Opinions OH Opinions of the Tax Commissioner

DE Division of Securities; Decisions, Releases and Letters OH Public Utilities Commission Decisions

DE Public Service Commission Decisions OH Supreme Court — Board of Commissioners on Grievances & Discipline

FL Dept. of Revenue Final Orders OH Workers’ Compensation Decisions

FL Division of Administrative Hearings OK Corporation Commission Public Utility Decisions

Return to Q&A


27


FL Public Utilities Commission Decisions OK Securities Commission; Decisions and Interpretive Opinions

FL Securities Commission Decisions OK Tax Commission Orders

GA Commissioner of Securities Decisions OR Dept. of Commerce, Corporate Division Materials

GA Dept. of Natural Resources Decisions OR Dept. of Environmental Quality

GA Dept. of Revenue Rules and Regulations OR Public Utility Commission Decisions

GA Public Service Commission Decisions OR Workers’ Compensation Decisions

HI Dept. of Commerce and Consumer Affairs PA Commonwealth Court Tax Decisions

HI Dept. of Taxation Rules and Releases PA Environmental Hearing Board Decisions

HI Public Utilities Commission Decisions PA Public Utility Commission Decisions

HI Workers’ Compensation Decisions PA Securities Commission Decisions

IA District Court, State Board of Tax Review, & Dept. of Finance Tax Decisions

RI Dept. of Business Regulation, Division of Securities

IA Insurance Dept. of IA, Securities Division Decisions RI Division of Taxation — Decisions

IA Utilities Board Decisions RI Division of Taxation — Regulations

ID Dept. of Finance, Securities Division; Decisions RI Public Utilities Commission Decisions

ID Dept. of Water Resources Decisions SC Administrative Law Court

ID Public Utilities Commission Decisions SC Environmental Administrative Decisions

ID State Tax Commission Regulations SC Office of the Secretary of State

ID Tax Commission Board of Tax Appeals Decisions SC Public Service Commission Decisions

ID Workers’ Compensation Decisions SC Tax Commission Decisions

IL Commerce Commission Decisions SC Workers’ Compensation Decisions

IL Dept. of Revenue Regulations and Tax Materials SD Dept. of Commerce & Regulation, Division of Securities; Opinions

IL Human Rights Commission Decisions SD Dept. of Revenue Rules

IL Pollution Control Board Decisions SD Public Service Commission Decisions

IL Secretary of State Securities Division Decisions SD Workers’ Compensation Decisions

IL Workers’ Compensation Decisions TN Dept. of Commerce and Insurance

IN Office of Environmental Adjudication Decisions TN Dept. of Revenue Rules, Rulings, and State Board of Equalization Rules

IN Office of Secretary of State, Securities Division; Opinions TN Dept. of Revenue Rulings

IN Tax Agency Decisions, Notices, Directives & Bulletins TN Regulatory Utility Commission Decisions

IN Tax Court Cases TX Attorney General Letter Rulings

KS Corporation Commission Decisions TX Comptroller of Public Accounts Hearing Decisions

KS Court of Tax Appeals TX Education Agency

KS Securities, Orders, Releases and Letters TX Public Utilities Commission Decisions

KS Workers’ Compensation Decisions TX State Office Of Administrative Hearings

KY Board of Tax Appeals Orders and Judgments TX State Securities Board; Opinions and Decisions

KY Dept. of Financial Institutions, Division of Securities Decisions

TX Workers’ Compensation Decisions

Return to Q&A


28


KY Natural Resources and Environmental Protection Cabinet Decisions

UT Dept. of Commerce, Division of Securities Decisions

KY Public Service Commission Decisions UT Public Service Commission Decisions

LA Board of Tax Appeals UT State Tax Commission Decisions and Orders

LA Commissioner of Securities VA Corporation Commission, Combined

LA Dept. of Environmental Quality Decisions VA Regulations from the Dept. of Taxation

LA Public Service Commission Decisions VA Rulings and Bulletins from the Dept. of Taxation

MA Appellate Tax Board Decisions and Dept. of Revenue Materials

VA State Corporation Commission PUC Decisions

MA Dept. of Telecommunications & Energy Decisions VA State Corporation Commission Securities Decisions

MA Environmental Administrative Decisions VA Workers’ Compensation Decisions

MA Office of Secretary of State, Securities Division; Opinions (Archive)

VT Dept. of Banking, Insurance, Securities & Health Care Administration, Securities Division

MA Special Education Reporter VT Dept. of Taxes Formal Rulings and Regulations

MA Workers’ Compensation Decisions VT Environmental Administrative Decisions

MD Public Service Commission Decisions VT Public Service Board Decisions

MD Securities Orders, Releases and Letters VT Workers’ Compensation Decisions

MD Tax Court Recommendations and Orders WA Board of Industrial Insurance Appeals Decisions

ME Dept. of Pro. and Financial Regulation and Securities Div. WA Board of Tax Appeals and Dept. of Revenue Decisions

ME Public Utilities Commission Decisions WA Board of Tax Appeals Decisions

ME Tax Rules and Bulletins WA Dept. of Licensing Business-Securities Division

MI Dept. of Licensing and Regulatory Affairs, Office of Financial and Insurance Regulation

WA Dept. of Revenue, Division of Appeals Decisions

MI Environmental Administrative Decisions WA Environmental Hearings Office Decisions

MI Public Services Commission Decisions WA Utilities and Transportation Commission Decisions

MI Tax Tribunal and Dept. of Treasury Materials WI Division of Hearings and Appeals Decisions

MI Workers’ Compensation Decisions WI Public Service Commission Decisions

MN Dept. of Commerce WI Securities Commission

MN Office of Administrative Hearings WI Tax Appeals Commission Decisions & Dept. of Revenue Tax Bulletins

MN Public Utilities Commission Decisions WI Workers’ Compensation Decisions

MN Workers’ Compensation Decisions WV Dept. of Tax and Revenue

MO Administrative Hearing Commission Tax Decisions WV Environmental Quality Board

MO Dept. of Revenue Letter Rulings WV Public Service Commission Decisions

MO Public Service Commission Decisions WV State Auditor’s Office

MO Securities Commission; Opinions and Decisions WY Environmental Quality Council Decisions

MO State Tax Commission Decisions WY Public Service Commission Decisions

MO Workers’ Compensation Decisions WY Secretary of State, Securities Division; Opinions & Decisions

MS Public Service Commission Decisions WY State Board Equalization Orders & Opinions

Return to Q&A


29Return to Q&A

All New: Jury Verdicts & SettlementsAK Jury Verdicts & Settlements NJ Jury Verdict Review & Analysis

AL Civil Trial Reporter NJ Reporter, VerdictSearch

AL Jury Verdict Reporter NM Jury Verdicts

AL Jury Verdicts NY Jury Verdict Review and Analysis

AL Jury Verdicts and Settlements NY Reporter, VerdictSearch

AR Jury Verdict Reporter OH Trial Reporter

AR Jury Verdicts and Settlements OK Jury Verdict Reporter

AZ Litigation Reports OR Arbitration Decisions

CA Reporter, VerdictSearch OR Jury Verdicts & Settlements

CT JAS Publication PA Jury Verdict Review & Analysis

CT Jury Verdict Review & Analysis PA Reporter, VerdictSearch

DC Metro Verdicts Monthly — D.C., VA and MD RI JAS Publication

FL Jury Verdict Reporter RI Jury Verdict Review & Analysis

FL Jury Verdict Review & Analysis SC Jury Verdicts & Settlements

FL Reporter, VerdictSearch TN Jury Verdict Reporter

GA Trial Reporter TN Jury Verdicts and Settlements

ID Jury Verdicts & Settlements TX — North TX Reports

IL Reporter, VerdictSearch® TX Reporter Soele’s Trial Report

IN Jury Verdict Reporter TX Reporter, VerdictSearch

KY Trial Court Review TX Trial Reports

LA Jury Verdict Reporter UT Rocky Mountain Verdicts & Settlements

LA Jury Verdicts and Settlements VA Metro Verdicts Monthly

MA JAS Publication VT Jury Verdict Review & Analysis

MA Jury Verdict Review & Analysis WA Arbitration Decisions

MD Metro Verdicts Monthly WA Jury Verdicts & Settlements

ME Jury Verdict Review & Analysis WI Jury Verdicts and Settlements

MI Trial Reporter Federal Jury Verdict Reporter

MN - Twin City Jury Verdicts Reporter LexisNexis Jury Verdicts and Settlements — Mealey’sTM

MO and IL Jury Verdicts Medical Litigation Alert

MS Jury Verdict Reporter National Jury Verdict Review & Analysis

MS Jury Verdicts and Settlements The National Law Journal® Annual Verdict and Settlement Review

NC Jury Verdicts & Settlements Verdicts, Settlements and Tactics

NH Jury Verdict Review & Analysis


30

All New: Law ReviewsAustralian Law Journals

Law Reviews, CLE, Legal Journals & Periodicals

UK Law Journals

ALL NEW Workflow: Country CheckIn addition to Person Check and Company Check — which correspond to similarly named tabs in LexisNexis Due Diligence Dashboard — Lexis Diligence offers an entirely new workflow option, the Country Check. Country Check enables you to evaluate the risk of doing business in a particular country. This is especially helpful for regions where you’ve never done business before, or in countries where you think there’s a high risk, but need to learn more. In addition to covering News and Negative News by country, this Check includes country risk reports not found with LexisNexis Due Diligence Dashboard, as shown below.

All New: Country Risk ReportsD&B Country Riskline Reports EIU Business Middle East Select

Economist Intelligence Unit (EIU) Country Commerce Select EIU Country Monitor Select

EIU Business Africa Select EIU CountryData Reports Select

EIU Business Asia Select EIU India Business Intelligence Select

EIU Business China Select EIU Market Indicators & Forecasts Select

EIU Business Eastern Europe Select EIU Risk Briefing Select

EIU Business Europe Select EIU ViewsWire Select

EIU Business Latin America Select EIU World Investment Data & Forecasts Select

Return to Q&A


31Return to Q&AReturn to page 6

LexisNexis Due Diligence Dashboard Objection: The search form can be confusing.

The search form includes fields that are not always applicable to the sources selected. In cases where the information isn’t considered relevant to the chosen source, my entry may be disregarded, which can be confusing. The use of some fields in conjunction with some sources produces error messages, which cannot be overcome until I deselect the offending titles, which then must be searched separately.

Lexis Diligence SolutionSimplified search form.

The search form is simplified so an entity name is entered along with “Additional Terms” of any type. You may enter whatever words would help clarify or narrow the scope of the search (person, place, thing, subject, etc.). Basic Boolean operators can be selected from a pulldown (and used within each text box).


32Return to Q&A

LexisNexis Due Diligence Dashbaord ObjectionThe public records results are often too general; I have more information that would narrow the search, but there are no fields on the search form to enter this detail.

When it comes to searching public records, you are limited to fields that are generally applicable across all sources, which means that fields that relate to a specific type of public record (e.g., Social Security number, date of birth, phone number, previous state, etc.) cannot be leveraged. Without the ability to add additional criteria, your results can be very broad, particularly when searching a common name.

The example below assumes that you know that Lisa Richardson currently lives in North Carolina and previously resided in California and New Jersey. Because no “previous state” field is available — and the Additional Terms box cannot be used in conjunction with the Person Locator — you would have no choice but to search this common name with the current state only, which produces 249 results.


33Return to Q&A

Lexis Diligence SolutionSearch forms tailored to each public records source.

By enabling you to fine-tune your search based on all available data within a public records source, you will have greater search flexibility, which will allow you to reduce the volume of irrelevant results and cut down on the time it takes to review documents. With the search below, only one record (the correct one) is retrieved.


34Return to Q&A

LexisNexis Due Diligence Dashboard ObjectionDue Diligence Dashboard doesn’t enable customization, so we must reselect our required parameters with each query, which is time consuming and can lead to inconsistencies across investigations and users.

With Due Diligence Dashboard, certain selections “persist” across sessions, particularly the checkboxes next to sources last searched by the user. However, it does not have any options for setting default sources or date ranges. Similarly, though you can modify the negative news query on a per-search basis — say to add or remove particular keywords — you cannot save these changes, so you must make the same modifications with each search.

Many customers have expressed that while this inability to customize the interface is frustrating and time consuming, a greater concern is that users are not consistently searching across investigations, and that different users within the same organization are searching differently when they’re meant to follow the same due diligence protocols.

Lexis Diligence SolutionPreferences Administration Tool (PAT)

The PAT enables administrators to set (and lock, if desired) specific defaults to be applied across all users, such as the selection of particular sources, the application of particular negative news terms, and the default date restriction. If an attribute is not locked by the administrator, individual users will have the ability to set their own personal preferences as well.

The PAT will save customers time (not having to reselect their choices with each search) and will ensure consistency across users and investigations, which will enable customers to better enforce internal compliance policies/procedures.

Partial view:


35Return to Q&A

DDD ObjectionThe History feature is an inadequate audit trail: It doesn’t show which source was searched; abbreviates the query; doesn’t go far enough back (7 days or 100 searches); and has no output options.

The History feature is relied upon by many due diligence researchers as a component of an audit trail. An “audit trail” is an objective record of one’s due diligence activities concerning a particular person or entity. Should an organization be investigated by a regulating body, such as the SEC or DOJ, proof that adequate due diligence was conducted prior to doing business with an entity can limit the organization’s liability.

The term “due diligence” first came into common use as a result of the U.S. Securities Act of 1933. This Act included a so-called “due diligence defense,” which could be used by broker-dealers when accused of inadequate disclosure to investors of material information with respect to the purchase of securities. As long as broker-dealers exercised “due diligence” in their investigation into the company whose equity they were selling, and disclosed to the investor what they found, they would not be held liable for non-disclosure of information that was not discovered in the process of that investigation.

The entire broker-dealer community quickly institutionalized, as a standard practice, the conducting of due diligence investigations of any stock offerings in which they involved themselves. Originally the term was limited to public offerings of equity investments, but over time it has come to be associated with investigations of private mergers and acquisitions as well. The term has slowly been adapted for use in other situations. For instance, various anti-corruption/anti-bribery laws provide a due diligence defense.

The UK Bribery Act, for example, states that an organization will be guilty of failing to prevent bribery if anyone performing services on their behalf, whether in the UK or internationally, commits bribery. This could extend to joint venture partners, subsidiaries, suppliers, franchisees, contractors, advisors, intermediaries, or agents, and is punishable by an unlimited fine. The only defense is for the organization to prove it had adequate due diligence procedures in place designed to prevent bribery being committed. The “proof” is in the audit trail.


Lexis Diligence Solution More robust History feature

Lexis Diligence includes a much more robust History feature that incorporates new information, including “check” name and source type, as well as downloadable formats in PDF or CSV. History entries will also extend back 30 days.

Note: The Negative News string is abbreviated in the on-screen display only — simply because of the amount of space it utilizes — however, the complete query, including all adverse terms used, will appear in the downloaded version of History.

LexisNexis, Lexis, nexis.com, Nexis, Martindale-Hubbell and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. Mealey’s is a trademark of LexisNexis, a division of Reed Elsevier Inc. VerdictSearch is a registered trademark of ALM Media Properties, LLC. Other products or services may be trademarks or registered trademarks of their respective companies. © 2013 LexisNexis. All rights reserved. NXC02628-0 0113

Return to Q&A

Lexis Diligence Migration Guide Diligence Migrat… · • Ability to search name variants (e.g.,...

Documents

Transcript of Lexis Diligence Migration Guide Diligence Migrat… · • Ability to search name variants (e.g.,...