April 13, 2009
When District Judge Carney threw out portions of the criminal case against Broadcom for backdating stock options, he did so on grounds that has the corporate bar taking notice. The corporate attorneys failed to tell an executive that they represented the corporation and not him. This is an old, old problem in corporate legal representation. A corporation attempts to save a few bucks by having a corporate counsel "help" executives as well. Penny wise and pound foolish.
April 13, 2009 | Permalink
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