In February 1998, Robert Phansalkar, a Wall Street executive, joined a small merchant banking firm, Anderson Weinroth
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In September 2000, AWC filed a lawsuit against Phansalkar, claiming that he had failed to disclose the stock options he received while he was AWC's representative on the Osicom and Zip boards. A month later, Phansalkar filed a counterclaim, arguing that AWC had illegally converted his Millennium shares, worth $4.4 million, so that they would become AWC property. Did Phansalkar have a legal or ethical obligation to disclose his stock option grants to AWC? If so, on what basis? Phansalkar v. Anderson Weinroth & Co., 344 F.3d 184 (2d Cir. 2003).
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The Legal Environment of Business A Critical Thinking Approach
ISBN: 978-0132664844
6th Edition
Authors: Nancy K Kubasek, Bartley A Brennan, M Neil Browne
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