Our Blog US v. Trek Leather ruling could impact individuals 0 BY HOWARD WOLTMANN Posted on December 22, 2014 in Uncategorized Last week, there was a court ruling that was issued in a case that has far-reaching implications for individuals who serve on corporate boards or as corporate compliance officers in their companies. The case, US vs. Trek Leather, investigated the issue of whether or not a member of Trek’s board (the President) could be held jointly liable with the company for a penalty. Issued on September 16th, the US Court of Appeals for the Federal Circuit reversed an earlier ruling, determining that the individual did cause the importation of undervalued merchandise and can be held liable for gross negligence. You can read the decision here, but the early takeaway is that where individuals previously could have been shielded from a penalty and prosecution by Customs, that could be off the table if the individual was discovered to have played a material role in causing the violation. Trek Leather Save PREVIOUS ARTICLE NCBFAA board meeting and Government Affairs Conference December 17, 2014 NEXT ARTICLE Forty years – congrats to Diane von Fürstenburg. December 23, 2014 RECENT POSTS Forty years – congrats to Diane von Fürstenburg. december 23, 2014 US v. Trek Leather ruling could impact individuals december 22, 2014 NCBFAA board meeting and Government Affairs Conference december 17, 2014 The revamped overtonfreight.com december 15, 2014 CATEGORIES Uncategorized (4) ARCHIVES December 2014 (4) © Overton & Co. A Position : Global site. Business conducted in accordance with the NCBFAA Terms and Conditions available here. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT

Team Gary Scibelli, CEO & Owner His career began with Overton in 1971 and his experience in the brokerage business has touched every aspect of importing, from bulk oil tanker shipments to small diamond packages. He has dealt extensively with many of the various partner government agencies over the years, such as the Food and Drug administration, Fish and Wildlife Dept, BATF, and many, many more. Read More Howard Woltmann, President Robert Halperin, Vice President John Defonte, Wine & Spirits © Overton & Co. A Position : Global site. Business conducted in accordance with the NCBFAA Terms and Conditions available here. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT