Calif. AG Backs Bill To Revamp 'Abysmal' Corporate Penalties https://www.law360.com/banking/articles/1823494?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-10&read_main=1&nlsidx=0&nlaidx=6 By Hannah Albarazi California Attorney General Rob Bonta gave his full support Tuesday to a state bill that would increase the cap on criminal penalties for corporate malfeasance from the "abysmal penalty" of $10,000 per felony to $25 million, or twice the value of the inflicted loss, and provide all proceeds to California's crime victim services. Read full article » https://www.law360.com/banking/articles/1823494?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-10&read_more=1&nlsidx=0&nlaidx=6 | Save to favorites » https://www.law360.com/banking/articles/1823494?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-04-10&read_later=1&nlsidx=0&nlaidx=6