Reforming Corporations Through Threats of Federal Prosecution

This article describes how federal Sentencing Commission guidelines for corporate crimes have effectively given federal prosecutors broad regulatory authority over issues of corporate governance traditionally regulated by state law. Special attention is given to frequent prosecutorial pressure on corporations to waive attorney-client privilege and self-report possible inadvertent criminal violations to federal authorities.

John S. Baker, Jr., 89 Cornell L. Rev. 310 (2004)



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Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.