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Wednesday, August 13, 2003

ABA Reporting Amendments, Part II

U.S.A. Today provides an update on the additional disclosure amendment passed by the ABA House of Delegates yesterday in San Francisco ("Attorneys, execs cringe at rule for whistle-blowing"):

There has been wide support for rules requiring lawyers to report violations up the chain of command at companies where they work. But going outside, essentially becoming whistle-blowers, not only threatens to violate the attorney-client privilege, critics say, but will make lawyers the last people executives will confide in for fear they will be obligated to report actions that are even borderline unethical or illegal.

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