Monthly Archives: March 2021

Chamber Urges SEC Caution on Climate Disclosure – CFO

“The Chamber urges caution regarding the SEC’s recently-announced ESG enforcement initiative,” Executive Vice President Tom Quaadman wrote, noting that it “appears to take an enforcement-first approach to ESG and climate change even though the commission has not yet completed its review and updates to the 2010 guidance regarding climate change disclosures.” “We are deeply concerned that using the SEC’s enforcement…

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The Top 100 Corporate Crime Movies

Back by popular demand, last week, Corporate Crime Reporter released the Top 100 Corporate Crime Movies, 39 of which are documentaries. “We took nominations from corporate crime experts around the country,” said Russell Mokhiber, editor of Corporate Crime Reporter. “And we pared down the list from about 150 nominees. Surely, we have left out some great movies about corporate crime.…

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Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel

A newly unsealed lawsuit alleging that Tesla Inc.’s board of directors failed to appoint a general counsel who could stand up to controversial CEO Elon Musk highlights the limited options that company counsel have when dealing with difficult bosses. Tesla investor Chase Gharrity alleges, in a derivative suit filed in the Delaware Court of Chancery, that the Palo Alto, California-based…

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Tesla investor sues Elon Musk, claims tweets violate SEC settlement

Tesla chief executive Elon Musk and the board of the electric car company have been sued by a shareholder who accused Musk of violating his 2018 settlement with the Securities and Exchange Commission over his Twitter use. According to a complaint unsealed late Thursday in Delaware Chancery Court, Musk’s “erratic” tweets, including a post last May 1 that Tesla’s stock price was…

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