Corporate & Tax E-Note - June 2012

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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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