Daily Archives: September 19, 2016, 12:33 pm

Why Don’t General Counsels Stop Corporate Crime? — Harvard LS

Evidence shows that in spite of these reforms enacted in SOX and explicit provisions and responsibilities given to corporate attorneys, most of the whistle-blowing in case of corporate fraud comes from employees (17%), non-financial market regulators (13%), and media (13%). Clearly absent from this list are top in-house corporate counsels (GCs). In this paper, we investigate the potential reasons for…

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Wells Fargo sued by customers over fraudulent accounts — CNNMoney

The first lawsuit has been filed against Wells Fargo by customers following revelations that the bank collected fees for millions of unauthorized accounts. The proposed class action suit, filed in U.S. District Court in Utah on Friday, accuses the bank of invasion of privacy, fraud, negligence, and breach of contract. The three plaintiffs are asking for compensation to cover damages…

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