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Corporate criminal liability: Difference between revisions
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===New York Central=== | ===New York Central=== | ||
The '''Interstate Commerce Act of 1887''' set '''price control'''s for railroad companies. A railroad company (New York Central & Hudson River Railroad Co.) was criminally convicted and fined for $108,000 for lowering is shipping prices for one of its commercial clients through a rebate scheme which violated the price control. The landmark Supreme Court case ''New York Central & Hudson River Railroad Co. v. United States'' (1909) set the precedent for holding a corporation criminally liable.<ref>https://www.law.cornell.edu/supremecourt/text/212/481</ref> The railroad company argued that | The '''Interstate Commerce Act of 1887''' set '''price control'''s for railroad companies. A railroad company (New York Central & Hudson River Railroad Co.) was criminally convicted and fined for $108,000 for lowering is shipping prices for one of its commercial clients through a rebate scheme which violated the price control. The landmark Supreme Court case ''New York Central & Hudson River Railroad Co. v. United States'' (1909) set the precedent for holding a corporation criminally liable.<ref>https://www.law.cornell.edu/supremecourt/text/212/481</ref> The railroad company argued that convicting the corporation would harm the shareholders who couldn't defend themselves. | ||
==References== | ==References== | ||
{{Reflist}} | {{Reflist}} | ||
Revision as of 13:40, May 30, 2022
Corporate criminal liability is a subject of United States law where it is ruled that a corporation is a legal entity that may be held criminally liable.
History
New York Central
The Interstate Commerce Act of 1887 set price controls for railroad companies. A railroad company (New York Central & Hudson River Railroad Co.) was criminally convicted and fined for $108,000 for lowering is shipping prices for one of its commercial clients through a rebate scheme which violated the price control. The landmark Supreme Court case New York Central & Hudson River Railroad Co. v. United States (1909) set the precedent for holding a corporation criminally liable.[1] The railroad company argued that convicting the corporation would harm the shareholders who couldn't defend themselves.
