Event Title
Panel III - Corporate Practice
Start Date
13-10-2006 2:15 PM
End Date
13-10-2006 3:30 PM
Description
In addition to more direct efforts to affect the direction of corporation law, the SEC and the Justice Department (and other government and quasi-government agencies) have sought to attack perceived problems of corporate governance by pursuing lawyers, accountants, and other professionals in addition to the executive officers of failed companies. Although this tactic may be sensible in cases in which the individual defendants have gained from the transactions in question, it has drawn heavy criticism in other cases. The recent indictment of the class action law firm Milberg Weiss is the latest example of this tactic. Although every case is different, the big question is whether criminal prosecution of corporations and their employees and advisers is ultimately an efficient way to achieve improvements in corporate governance.
Moderator: Lisa Fairfax
Panelists:
Theresa Gabaldon – Milberg Weiss: Dying of Shame
Robert Hillman – The Milberg Indictment as an Inquiry into Accountability
Bruce Kobayashi – What's So Bad About Paying Plaintiffs? (with Ribstein)
Larry Ribstein – What's So Bad About Paying Plaintiffs? (with Kobayashi)
Comment:
Richard Painter
Frank Razzano
Panel III - Corporate Practice
In addition to more direct efforts to affect the direction of corporation law, the SEC and the Justice Department (and other government and quasi-government agencies) have sought to attack perceived problems of corporate governance by pursuing lawyers, accountants, and other professionals in addition to the executive officers of failed companies. Although this tactic may be sensible in cases in which the individual defendants have gained from the transactions in question, it has drawn heavy criticism in other cases. The recent indictment of the class action law firm Milberg Weiss is the latest example of this tactic. Although every case is different, the big question is whether criminal prosecution of corporations and their employees and advisers is ultimately an efficient way to achieve improvements in corporate governance.
Moderator: Lisa Fairfax
Panelists:
Theresa Gabaldon – Milberg Weiss: Dying of Shame
Robert Hillman – The Milberg Indictment as an Inquiry into Accountability
Bruce Kobayashi – What's So Bad About Paying Plaintiffs? (with Ribstein)
Larry Ribstein – What's So Bad About Paying Plaintiffs? (with Kobayashi)
Comment:
Richard Painter
Frank Razzano