Electronic records.Another major deadline looms Dec. 1 for public companies and major private companies that generate significant amounts of electronic data. Under new regulations published in the obscure Federal Rules of Civil Procedure The Federal Rules of Civil Procedure (FRCP) are rules governing civil procedure in United States district (federal) courts, that is, court procedures for civil suits. The FRCP are promulgated by the United States Supreme Court pursuant to the Rules Enabling Act, and then approved , companies involved in federal litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. will be required to produce relevant e-mails and other electronic data in the pre-trial discovery phase or face court sanctions. This has far-reaching implications for companies with sizable operations that rely on electronic data storage, especially given what happened to Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. in its lawsuit with investor Ron Perelman. In May 2005, a jury ordered the brokerage giant to pay $1.45 billion in damages, in part because it failed to produce relevant e-mails during discovery. That case helped spur the new roles. "Company officials must understand where their electronic information is stored and make sure that it is easily accessible," said Michael Gold, partner at L.A. law farm Jeffer Mangels mangels Beta vulgaris; called also mangel-wurzel. Butler & Marmaro LLP LLP - Lower Layer Protocol . Staff reporter Howard Fine can be reached by phone at (323) 549-5225, ext. 227, or by e-mail at hfine@labusinessjournal.com. |
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