Executives and senior level management are vulnerable to accusations of misconduct and other unethical behavior. Pohl LLP represents executives, officers and senior management who become the focus of internal investigations, face termination of employment or a potential lawsuit alleging breach of fiduciary duty or fraud.
Allegations of Executive Misconduct may involve:
- Unauthorized compensation
- Inappropriate financial transactions
- Stock-option backdating
- Corrupt governance
- Asset misuse
- Fraudulent expense reimbursements or unethical business dealings
Boards of Directors and shareholders are quick to act when executive misconduct is suspected. Aside from legal action, company recourse may take the form of termination. Executives terminated for cause may be required to forfeit outstanding awards and compensation.
Moreover, executives whose misconduct results in financial restatement for material non-compliance with securities laws may be required by law to reimburse the company for bonuses, other incentive compensation and profits from sales of company stock. Pohl LLP helps executives protect their financial interests from company overreaching.
Executives, officers and senior management are also vulnerable to third-party claims of wrongdoing. Under certain circumstances, employers may be required to indemnify the executive from legal fees and damages resulting from such claims. We help executives protect their indemnification rights from forfeiture during the investigative stages.
Finally, allegations of intentional misconduct often involve sensitive reputational issues that, when public, jeopardize the accused executive's career. Pohl LLP devises appropriate public relations strategies in coordination with legal strategy.
For more information, Contact us.
