I-9 Compliance and How to Avoid Shareholder Lawsuits

What started out as a fairly routine I-9 audit at a Chipotle Mexican restaurant in Minnesota last year has now turned into an expanding probe of the company’s hiring practices nationwide. Thus far, Chipotle has been forced to terminate approximately 500 employees who had presented suspect documents during the I-9 process, which will result in higher labor costs for the company as they scramble to fill the vacancies.
 
Chipotle is also seeing a spike in legal costs and increasing media scrutiny which threatens to tarnish the company’s “integrity-focused” brand. As the investigation continues to expand, the company now faces not only the prospect of millions of dollars in civil fines and potential criminal penalties, but also the potential wrath of shareholders who are negatively impacted by the company’s “I-9 baggage.

LawLogix invites you to attend a unique webinar on Form I-9 compliance and corporate governance which will address a new kind of I-9 liability that has arisen from the increasing fiduciary, legal, and ethical oversight responsibilities of publicly traded companies.

Date: Wednesday, June 1, 2011 at 11:30 AM EST

Register Here

Presenters:
•Joseph Grundfest, Stanford Law School
•Dan Siciliano, Stanford Law School
•John Fay, LawLogix Group, Inc.

Topic:
This one hour webinar will feature a panel of I-9 experts, including a special guest appearance from Stanford Law School Professor Joseph Grundfest, a nationally prominent expert on capital markets, corporate governance, and securities litigation, who served as one of the five commissioners of the SEC from 1985 to 1990.

During the webinar we will discuss:

•Could I-9 problems that are lurking "on the books" of a publicly traded company require external auditor type scrutiny and disclosure in the same manner as other quantifiable issues such as impaired assets or product recall concerns?

•With I-9 enforcement across all industry categories at an all-time high, do companies now have a fiduciary responsibility to get their I-9 house in order?

•Will failures in I-9 compliance or improper SEC disclosure lead to securities class action suits, shareholder derivative suits, or some alternative cause of action against your publicly traded company?

Don't miss this interactive webinar for answers to these questions and more