With the wave of U.S. bank failures not cresting until 2009 and 2010, Barr said that the FDIC still has plenty of time to sue officers and directors whose misconduct led to a bank's collapse.
If a shareholder wants to sue a Michael Kors director for misconduct, good luck.
An administrative judge has upheld the dismissal of Sharon Helman, the Phoenix director, finding misconduct to support her ouster but saying the department did not prove that she was responsible for delays in care.
The Director's misconduct is the third instance during an eight year period in which a FINRA employee, or an employee of its predecessor, the National Association of Securities Dealers, Inc. ("NASD"), provided altered or misleading documents to the Commission.
Although FINRA has endeavored to improve its procedures and training since document integrity issues came to light in May 2006 and December 2007, those efforts were not effective in preventing the Director's misconduct.
That called for steps like requiring chief executives to sign off on the financial statements issued by their companies, requiring them to disclose their stock sales more quickly and making it easier for the S.E.C. to bar directors involved in misconduct.
The actor Kevin Spacey has disappeared after multiple people accused him of sexual misconduct, director Ridley Scott said.
Last year, the zoo lost £1.5m, saw its visitor numbers slump 15% to just under 550,000, and had to be rescued with a £2m bank loan; while this year it has seen directors suspended for alleged misconduct.
Arkansas Best, a transportation company, instituted a clawback provision this year requiring cancellation of a director's unvested stock awards if misconduct by that director resulted in a financial restatement.
That violated Nielsen's rules, and Univision fired its program director for the alleged misconduct; no other station employees were reprimanded.
