Legal Question in Business Law in New Jersey
If a CEO and Chairman of a smallcap public company does not file tax returns or send reports to stockholders, and keeps all the profits for himself, sells assets and keeps the money, is this criminal or civil? If criminal, what jurisdiction? This is a case of a Delaware corp residing in NJ. Is there a forum to stop the transfer of assets?
Asked on 10/22/10, 12:26 pm
1 Answer from Attorneys
John Corbett
Corbett Law Firm LLC
There is both potential civil and criminal liability in the situation that you describe. I would advise you to consult with a business lawyer near you so that you can discuss the details. /p/ See also: http://info.corbettlaw.net/lawguru.htm
Answered on 10/27/10, 7:33 pm
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