Corps (securities) hypo

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delusional
Posts: 1190
Joined: Thu Jul 15, 2010 7:57 pm

Corps (securities) hypo

Postby delusional » Mon Dec 17, 2012 10:27 pm

In 2009, a company violates the reporting requirements of the FCPA. The company made $10b, which triggered the CEO's $40m bonus. In 2012, the corruption comes to light and the company is fined $1b.
Can the shareholders launch a derivative suit to get the bonus back under Sarbanes Oxley and/or Dodd Frank?

delusional
Posts: 1190
Joined: Thu Jul 15, 2010 7:57 pm

Re: Corps (securities) hypo

Postby delusional » Thu Dec 20, 2012 1:59 pm

Never mind, the exam was this morning.




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