LGLS 3523 Lecture Notes - Lecture 8: Flowchart, Corporate Action, Insider Trading

• School: Temple University
• Department: Legal Studies
• Course: LGLS 3523
• Professor: Jeffery Boles

Document Summary

Mafia, motorcycle gang) for illegal profit that distinguishes wcc from other types of offenses: wcc can be committed by a corporation as well as by an individual. Includes a heterogeneous mix of corporate and individual crimes. Types of wcc: occupational crime: crimes committed by individuals for themselves in the course of rendering a service (ex. Medicare fraud, misuse of clients" funds by lawyers and brokers, substitution of inferior goods: corporate crime: crimes committed by one or more employees of a corporation that are attributed to the organization itself (via vicarious liability) Theories of corporate liability: proactive corporate fault. Assumes that a corporation is to blame where practices and procedures are inadequate to prevent the commission of a crime. Corporations are culpable when they fail to take reasonable steps to implement policies and practices that reduce the likelihood of crime commission: reactive corporate fault. Considers the corporate reaction to the discovery of a criminal act.