I feel like the article is being rather misleading in that regards. Like its talking about sexual assualt, at a glance it sounds like they are talking about the criminal act of the assualt itself, but they are actually talking about if the board of the company was negligent in preventing their employee from doing the crime (i think, the article is unclear on that)
pointless. Most of those things are not crimes (mismanagement, bankruptcy) unless you can start the civil case for damages first to find the fraud that then becomes criminal. It's a well thought of plan.
> unless you can start the civil case for damages first to find the fraud that then becomes criminal
Someone can correct me if I am wrong, but when you go to bankruptcy court, you actually have to reveal all of your finances and justify why you need to declare bankruptcy? You can't just preliminarily declare bankruptcy in anticipation of damages - you actually have to damages assigned by a court.
And it seems like a huge waste of everyone's time in the bankruptcy process if the judge says "oh yeah - anyone can now tack on a lawsuit and I'll see you back here every single time".
From civil lawsuits. They can still be charged criminally.