In This Issue:
- High Court Says Jurors Need More Role in Corporate Criminal Fines
- Companies Face Confusion Over Indemnification Rights
- More Companies Splitting Up Role of CEO, Board Chair
- Few Public Companies See Directors' and Officers' Lawsuits as Risk
- FAF Creates New Council to Modify Private Accounting Standards
- Corporate Environmental Accounting Likely Within 10 Years
- Few Small Companies Show Interest in Going Public
- Congress Examines IPO Problems in Wake of Facebook Fiasco
- Georgia Seeing Rise in Merger and Acquisition Activity
- Small Businesses Find Health Care Tax Credit Hard to Get
- Excerpt from High Court Says Jurors Need More Role in Corporate Criminal Fines:
The U.S. Supreme Court made it harder for prosecutors to secure stiff fines for corporate wrongdoing, ruling that jurors must play a greater role in determining how large criminal penalties can be. The justices in a 6-3 vote set aside a $6 million fine imposed against Southern Union Co. for illegally storing liquid mercury. The ruling may have a broad impact in corporate prosecutions, complicating trials and giving defendants more leverage in plea negotiations.
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