Justice Thomas said that only the highest corporate authority (a Board of Directors, for instance) can “make” a statement as the corporate entity. Executives in subsidiaries or corporate officers who clearly “bring a statement into existence” by putting it together and then say or write the statement on behalf of the corporate entity cannot be held accountable for “making” a corporate statement, in the world described in Janus.
Activist Post: Supremes Make It Official: Wall St. and Corporate Execs are Above the Law When They Lie to the Investing Public
Added on 2011-06-16 09:46:13
by factor
Added on 2011-06-16 09:46:13
by factor