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John C. Coffee, Jr., the Adolf A. Berle Professor of Law at Columbia University Law School and director of its Center on Corporate Governance, writes: Let's suppose that the SEC has just begun an "informal" investigation of your principal corporate client. . . . What does the future likely hold for the company and its managers? Litigators will, of course, maintain that every case . . . is unique and depends on its special facts. But much data suggests otherwise.
May 17, 2007 at 12:00 AM
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