Calif. AG Backs Bill To Revamp 'Abysmal' Corporate Penalties

By Hannah Albarazi (April 9, 2024, 10:34 PM EDT) -- California Attorney General Rob Bonta gave his full support Tuesday to a state bill that would increase the cap on criminal penalties for corporate malfeasance from the "abysmal penalty" of $10,000 per felony to $25 million, or twice the value of the inflicted loss, and provide all proceeds to California's crime victim services....

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