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It’s a jungle out there for in-house counsel! Learn whether in-house lawyers can protect themselves in this interview with Ethan Lenz on Coverage for In-House Counsel Under D&O Insurance Policies and Indemnification Provisions.

You Got Questions on 404 Issues?

If you do, please forward them to me so I try to have the panel address them on tomorrow’s webcast: “Demystifying Internal Controls Disclosures.”

Document Destroyer Goes to Jail

The Oakland Tribune reports that a former E&Y partner – among the first charged with document destruction under SOX – has been sentenced to a year in federal prison for his role in falsifying or destroying documents to impede a SEC probe.

In pleading guilty in October, the partner acknowledged that in April 2003 he testified under oath to the SEC regarding audit work his team had performed on NextCard (a company whose collapse the SEC was investigating) and he didn’t bother to mention that documents related to NextCard’s audit and quarterly working papers had been altered, with considerable parts deleted in November 2001. The partner later admitted this was a cover-up meant to impede the SEC’s probe.