When To Rely On Corp. Counsel And When To Retain Your Own

Law360, New York (June 3, 2016, 11:37 AM EDT) -- In the midst of an increased emphasis in Washington (including from the U.S. Department of Justice and the U.S. Securities and Exchange Commission) on prosecuting individuals for corporate crimes and fraud, there's confusion and a line that needs to be drawn regarding corporate counsels and the advice they provide to their organization. If you're a board member or otherwise senior-level professional at a firm, you can't hide behind advice given by your firm's general counsel. After all, that is the firm's counsel, not yours individually. That's a big deal when it comes to issues from insider trading to fraud, where the SEC has made naming and shaming one of its favorite toolbox tricks....

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