Randall Lane probably didn’t break the law by accepting $6 million while working at Forbes, but he may still pay a price under a 140-year-old doctrine
A New York legal doctrine requiring employee loyalty could pose more risk to the fired Forbes editor than any criminal exposure.
A New York legal doctrine requiring employee loyalty could pose more risk to the fired Forbes editor than any criminal exposure.
BELLINGS Intelligence Score: 10
Why it matters
This is a legal dispute involving an individual executive and an old loyalty doctrine, with limited direct impact on credit markets or broader financial professionals.