Law360, New York (July 25, 2014, 4:23 PM EDT) -- It is every corporate counsel's nightmare: Allegations of serious, perhaps even criminal, misconduct have surfaced against an employee. The company has no choice but to conduct a thorough, time-consuming and expensive internal investigation to determine the extent of the employee's wrongdoing, ensure compliance, and minimize any potential fallout. In addition, if the employee does end up facing criminal charges, law enforcement will likely require the company's cooperation with subpoenas and other evidentiary and testimonial requests. All told, the company is likely to incur hundreds of thousands, if not millions, of dollars of legal fees, accounting costs, and other expenses as a direct result of the employee's criminal acts....