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In-House Counsel

Aug. 14, 2008

On A Tightrope

A Company's Careful Course in Extracting Bad Guys at the Top

By Kenneth Klein and Richard L. Stone

      You are in-house counsel for a large public company headquartered in California. For months, the company has been the subject of an investigation by the Securities and Exchange Commission into allegations of audit irregularities related to subprime mortgage instruments. The media has publicized disturbing facts indicating that the CEO and other officers "cooked" the books to disguise the ext...

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