A.G. File No. 2007-051

The Corporate Crime Reporting Act

October 01, 2007

 


This measure would require specified employees of foreign and domestic corporations and limited liability companies doing business in California to report to the Attorney General or other appropriate government agency any act(s) by the corporation that violates state or federal laws related to financial fraud, consumer protection, health and safety, the environment, or labor. Failure to report such acts would be punishable by up to one year in county jail and/or a fine of up to $100,000.