Block on Trump's Asylum Ban Upheld by Supreme Court
It used to be unheard of for corporate executives, much less general counsel, to be held personally liable for crimes committed by a company.
But in the past 10 years, several GCs at companies like AIG, Hewlett-Packard, and World Health Alternatives have been personally targeted in legal actions, according to a partner at Gibson, Dunn & Crutcher.
You may be wondering if this is because corporate lawyers are committing more crimes or throwing ethics to the wind in this bottom-line-driven economy? Or is the prosecution of in-house counsel due to the federal government's renewed focus on holding corporate decision-makers (and those counseling them) accountable?
It's likely a combination of both. So if you're an in-house counsel, you should be aware that you may be held personally liable for your company's actions. Here are some tips you can incorporate to avoid liability:
General counsel are increasingly being targeted by prosecutors and shareholders in legal actions. Keeping these tips in mind can potentially help you avoid personal liability down the road.