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Business Organizations Keyed to Smith
Stone v. Ritter
Citation:911 A.2d 362 (2006).
AmSouth was ordered to pay $50 million in fines and penalties, due to the corporation’s failure to adequately comply with AML/BSA regulations. The directors of the corporation itself were not penalized. However, the board of directors were required to hire an outside consultant to review its AML/BSA procedures and regulations, which they did. KPMG found the board had established programs and procedures and an oversight committee, designed to comply with AML/BSA regulations.
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- The Brief Prologue provides necessary case brief introductory information and includes:
Topic:Identifies the topic of law and where this case fits within your course outline.
Parties:Identifies the cast of characters involved in the case.
Procedural Posture & History:Shares the case history with how lower courts have ruled on the matter.
Case Key Terms, Acts, Doctrines, etc.:A case specific Legal Term Dictionary.
Case Doctrines, Acts, Statutes, Amendments and Treatises:Identifies and Defines Legal Authority used in this case.
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Brief Facts:A Synopsis of the Facts of the case.
Rule of Law:Identifies the Legal Principle the Court used in deciding the case.
Facts:What are the factual circumstances that gave rise to the civil or criminal case? What is the relationship of the Parties that are involved in the case.
Issue(s):Lists the Questions of Law that are raised by the Facts of the case.
Holding:Shares the Court's answer to the legal questions raised in the issue.
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Reasoning and Analysis:Identifies the chain of argument(s) which led the judges to rule as they did.