Fact Pattern

• Your best friend, Robyn, has just been elected to a post as an outside director of Crypto-Chatter-Box, Inc., a publicly traded corporation listed on the New York Stock Exchange.
• She has asked you for some legal risk management tips that would be helpful for her to keep in mind as she steps into her new role.
• Crypto-Chatter-Box is a social media company that caters to the cryptocurrency community.
• The company has come under recent scrutiny by regulators due to its lax privacy policies.
• The company has been involved in a couple of proxy fights in the last 5 years, and it is rumored that this coming year, a group of investors is considering yet another proxy fight and possibly launching a hostile tender offer.

Memo

Create (2) page memo for Robyn. Base the memo on the materials covered in:

• Securities Regulation and the Capital Markets
• Mergers and Acquisition
• Corporate and Partnership Tax
• Mergers and Acquisitions - Public Companies

Identify four (4) legal risk management issues. For each of these four legal risk management issues, please:

• State why the legal risk in the question is an important one for Robyn and other board members to keep in mind, and
• Describe what steps Robyn and other board members should take in order to reduce potential legal liability (for both themselves and the company).