Legal Updates
OSHA Requirements and Standards
The Occupational Safety and Health Administration (OSHA) is responsible under the Occupational Safety and Health Act of 1970 for promoting a safe workplace by setting standards and conducting inspections. The Act applies to almost all employers.
Criminal Liability of Corporate Officers
Under Section 807 of The Sarbanes-Oxley Act of 2002 (Act),1 any person who knowingly commits securities fraud is subject to a hefty fine, a prison term of up to 25 years, or both. Section 807 does not criminalize securities laws violations for the first time; however, it does combine several existing laws so as to facilitate and streamline federal prosecutions. Section 807 does impose significantly harsher criminal penalties than the penalties prescribed under prior laws.
Liabliity Under Clean Water Act
Enacted in 1972, The Clean Water Act1 (CWA) attempts to restore and maintain the chemical, physical, and biological integrity of United States waters by regulating the discharge of pollutants into the nation's surface waters, water treatment plants, and wetlands. Generally, a violation of the CWA occurs when a pollutant is discharged without an appropriate permit or in contravention or an effluent limitation or pretreatment requirement.
Securities Law> Additional Offerings, Disclosure & the Securities Exchange Act of 1934> Tender Offers
(Going Private Reporting Requirements for Public Companies)
Mutual Fund Prospectus Comparable Information Requirements
(Mutual Fund Prospectus Comparable Information Requirements)
