President Barack Obama rejected calls for him to invoke the Constitution’s 14th Amendment to skirt Congressional approval for issuing new debt, as both political scholars and legal experts said such a crisis- aversion plan would be risky and potentially illegal.
A partner and former member of the executive committee at Sidley Austin LLP was accused by the Illinois Attorney Registration and Disciplinary Commission of misappropriating $119,000 through a fund for expenses established for a client.
In 2007, Arizona enacted a law containing what then-Governor Janet Napolitano called the “business death penalty,” a provision threatening companies that hired illegal aliens with revocation of their corporate charters.
Chaoda Modern Agriculture Holdings Ltd.’s Chairman Kwok Ho, Chief Financial Officer Andy Chan and Fidelity Management’s George Stairs were accused of insider trading by Hong Kong’s financial secretary.
The U.S. Supreme Court made it more difficult 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.