Timeline for CEO hiring himself as a consultant
Current License: CC BY-SA 4.0
3 events
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| Oct 9, 2018 at 23:52 | comment | added | David Siegel | That would depend on the specific laws and regulations, and quite probably the case law under them, and i am not sufficiently knowledgeable to respond at all fully. But if the company makes such a statement, then someone in the company, quite possibly including the auditors , must have known the truth, or some part of it. Perhaps such people could be accused of conspiracy. For the SEC issue, I suppose it would be a question whether such a filing was sufficient o put a reasonable stockholder on notice of possible problems. or there may be specific rules on such reports. Consult a lawyer. | |
| Oct 9, 2018 at 22:48 | comment | added | griggah | Same question as above to Inaki... What if this is disclosed as a related party transaction and the company makes the general statement in their filings that "there may be conflicts of interest"? Can this be fraud if this is nevertheless disclosed? If so, what sort of case law or theories of fraud can i look into to better understand this? | |
| Oct 9, 2018 at 15:39 | history | answered | David Siegel | CC BY-SA 4.0 |