Companies face difficult choices when their employees are accused of business-related wrongdoing by the government. They can indemnify employees against legal defense costs. Or they can refuse and try to separate themselves as much as possible from the accused employee to avoid legal action themselves.
Florida businesses faced with this dilemma must make a nuanced decision based on a variety of factors, including the state’s indemnification statute, the likelihood of a successful prosecution of the employee, their corporate bylaws and their assessment of the accused employee’s actions.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]