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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInLegg Mason Charged With Violating the FCPA
The Securities and Exchange Commission today announced that Legg Mason Inc. will pay over $34 million to resolve an SEC charge that the company violated the Foreign Corrupt Practices Act (FCPA) in a scheme to bribe Libyan government officials. via SEC.gov | Legg Mason Charged With Violating the FCPA.
Elon Musk hires Morgan Stanley, closing book on ‘funding secured’
Tesla CEO Elon Musk’s hiring of Morgan Stanley this week is just a small step in his ongoing quest to take Tesla private. But it has a larger, more damning implication: he probably didn’t have funding secured, even in the most loose sense of the phrase. via Elon Musk hires Morgan Stanley, closing book on […]
Potential Liabilities for Corporate Executives Includes Criminal Liability | The D&O Diary
I spend the better part of most days – both in my day job and in writing this blog – thinking about the liabilities of directors and officers. Most of the time I am focused on their civil liabilities. However, even though it is not something I think about all the time, the fact is […]
The inside story of why Elon Musk changed his mind about taking Tesla private | Financial Post
When Elon Musk declared this month that he wanted to take Tesla private, his board was caught off guard. Barely three weeks later, the chief executive told the board he had changed his mind. Tesla would be staying public, after all. The startling reversal — announced late Friday in a blog post, a day after […]