Is witness part of your GC job description? Massachusetts Secretary of State William Galvin has subpoenaed McKinsey GC Jean Molino regarding the firm's advisory work for Procter & Gamble in its acquisition of Gillette. This action stems from Mr. … [Continue reading]
Bernie Ebbers in Three Acts
Before resigning in 2002: Arrest mug shot in 2003: Leaving court after sentencing in 2005: Given that a settlement of civil charges will take away virtually all of his assets, I have some empathy for Mr. Ebbers and real sympathy for his … [Continue reading]
Catch and Release
I try to monitor developments in the areas of corporate governance and compliance. One automated search I set up recently hooked a press release that caught my eye. A company settling class-action shareholder derivative litigation is scarcely … [Continue reading]
GC = General Cop?
Are you liable for the improper acts of your CEO if you did not know about them (and did not profit from them)? Saturday's NY Times reported on a case involving Marshall Cogan and his company, Trace Holdings. One of the officers a backruptcy … [Continue reading]
Genie II
One thing about new sourcing solutions for corporate legal services--the spotlight is on. Two days ago I wrote about the unbundling of corporate legal services. Since then, two fellow law.com network members continue their excellent coverage of … [Continue reading]
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