Corporate & Tax E-Note - June 2012


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.

Please see full E-Note below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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