| Employment Law |
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| Protection for Commercial Motor Vehicle Safety Whistleblowers
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| Criminal Law & Procedure> Sentencing> Sentencing Guidelines Generally |
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| Criminal LawMore... |
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| Application of the De Facto Merger Doctrine to Acquisition of Corporate Assets |
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| Companies which otherwise are attractive acquisition targets may have contingent liabilities that are difficult to assess. For example, a paint manufacturer may have used ingredients that later prove to be toxic. Present and future liability of the manufacturer for damages from sales of products with those ingredients may be anticipated, but the scope and cost of that liability may be too difficult to determine to support an acquisition value for the manufacturer.More... |
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| DUTY OF LOYALTY |
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| DISCLOSURE OF A CORPORATE OPPORTUNITYMore... |
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| Criminal Liability of Corporate Officers |
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| Under Section 807 of The Sarbanes-Oxley Act of 2002 (Act),1 any person who knowingly commits securities fraud is subject to a hefty fine, a prison term of up to 25 years, or both. Section 807 does not criminalize securities laws violations for the first time; however, it does combine several existing laws so as to facilitate and streamline federal prosecutions. Section 807 does impose significantly harsher criminal penalties than the penalties prescribed under prior laws.
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