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White-Collar Defense Lawyers Predict a Rash Of Criminal Prosecutions Over Financial Crisis
Busted Companies Should 'Suffer'? Deferred Prosecutions Under Fire
The top Republican on the Senate Judiciary Committee says he's skeptical of prosecutors' growing use of deferred prosecution agreements in cases of corporate misconduct. Sen. Jeff Sessions raised the issue at the confirmation hearing for James Cole to become deputy U.S. attorney general.Firm Objects to Criticisms of its Handling of BP Claims
A Virginia law firm plans to object to a special master's criticism of its role in the distribution of claims on the $9.6 billion settlement with BP PLC over the Deepwater Horizon oil spill.Bonuses expose Street's succession weakness
Eight days before Christmas, Kenneth D. Lewis took the stage for his last public act as chief executive officer of Bank of America Corp. Hundreds of his workers watched from red velvet seats in Charlotte, N.C.'s McGlohon Theater, a former Baptist church with tall stained-glass windows and a Byzantine dome. Lewis, in his usual gray suit, white shirt and tightly knotted red tie, stood to present Brian T.Corporate Cyberattacks Come Out of the Shadows
Since the dawn of cybercrime, public companies have largely operated under the notion that, while they have a responsibility to guard their data, they have little duty to report attacks to investors and regulators. That is all about to change.Will Majority Rule Prevail in Electing Corporate Boards?
Majority voting is the big issue of proxy season 2006, dividing businesses and their outside counsel as well. This year more than 140 businesses faced proposals from shareholder activists wanting to alter methods of electing board members. Activists seeking the change hope to increase board members' accountability. Those opposed say it will destabilize companies, letting parties with short-term interests sway board composition. But both sides agree majority voting marks a shift in corporate power dynamics.Honeymoon May Be Over for SEC Chairman Cox
The honeymoon for Christopher Cox may soon be over at the SEC. A Democratic commissioner last week said he expects that the agency will be divided over a vote later this month for the first time since Cox took charge almost two years ago. At issue is a federal appeals court's Sept. 5 ruling that the SEC was wrong to let American International Group Inc. exclude from its proxy an investor proposal intended to make it easier for shareholders to nominate alternative director candidates on corporate ballots.State AI Legislation Is on the Move in 2024
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