0983
|
| An in-house lawyer learns that a corporation has filed a false prospectus. The lawyer did not participate in preparing or disseminating the prospectus, and has now resigned from the in-house position. The lawyer may now reveal the fraudulent activity. The lawyer also has a duty to advise the corporation of the possible consequences of continuing its fraudulent activity, urge the corporation not to issue the prospectus and advise the corporation that the lawyer will reveal its conduct unless the corporation abandons its "criminal intentions." [Rule 1.13 provides guidance for lawyers in this situation.] |