Q. I was advising a company on a deal to buy a series of smaller firms and then to take the whole group public. I asked and asked for the legal document the company was sending to the owners of the firms it was hoping to acquire, but they kept making excuses about why they couldn’t show it to me. When I finally got it, I understood why: it was full of flagrant misrepresentations. I resigned from the deal. What is my obligation now?
A. You suspected a rat, nagged until you figured out what was wrong, and refused to be a part of the wrongdoing. Corporate advisors are supposed to display ethics and a regard for the fairness of the system even when it isn’t to their advantage to do so. That’s what you did.