Stephen Crain

Stephen CrainStephen Crain is a trial lawyer in Bracewell’s Houston office. He is the firm-wide Chair of the Litigation Group and serves on the firm’s Management Committee. He counsels clients on matters arising in the energy industry and disputes involving alleged violations of securities laws (including representing public companies, officers and directors and special committees).

Jail Time for Not Knowing: Strict Liability for Executives Under the Park Doctrine

There is a case pending at the Eighth Circuit that should have the attention of every corporate executive. Two executives were sentenced to three months in prison for something their company did without their knowledge. In the increasingly regulated world, it is time for a refresher regarding the potential criminal liability that comes with accepting a position at the very top of...

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