On: Facebook Is a Hostile Foreign Power

[AlbertCory]

I was ready to say that there is such a thing as the corporate death penalty. But a professor [1] argues that it's a myth. Oh well.

[1] https://fcpaprofessor.com/arthur-anderson-and-the-myth-of-th...

[eigengrau5150 → AlbertCory]

I think FCPA Prof is arguing that the threat of Federal prosecution alone isn't enough to destroy a corporation. However, the Attorney General of Delaware has the authority to sue in the state's Chancery Court to have a Delaware corp dissolved.

https://news.delaware.gov/2019/09/19/attorney-general-seeks-...