Tag

Corporate Penalty

All articles tagged with #corporate penalty

legal-business1 year ago

"Trump's Business Empire Faces Crushing Blow in Fraud Trial Ruling"

A New York judge spared Donald Trump from the "corporate death penalty" in a civil fraud case, but imposed significant penalties including a $364 million judgment, banned Trump from serving as an officer or director in any New York corporation for three years, and prohibited him from taking out loans with New York banks. The ruling will likely impact Trump's business by draining cash, restricting his ability to influence the company, and potentially limiting access to traditional bank loans, although alternative financiers may still be an option.

politics2 years ago

Robert F. Kennedy Jr.: From Corporate Critic to Presidential Candidate

Robert F. Kennedy Jr., a controversial environmental lawyer and anti-vaccine activist, previously called for corporations, including Koch Industries and ExxonMobil, to be given the "death penalty" for disputing climate change. Kennedy argued that state attorneys general could use a legal process called "charter revocation" to dissolve companies that prioritize profit over public welfare. Kennedy is currently running for the 2024 Democratic presidential nomination, emphasizing civil liberties and free speech, but his previous writings indicate he does not believe free speech rights extend to businesses or some nonprofit groups.