Case Study 3 Both Fred’s family and the business have rebounded from their prior

Case Study 3
Both Fred’s
family and the business have rebounded from their prior issues. Jane sought
counseling for her gambling issues and has worked hard to mend her relationships
with the family. Prior to cashing the forged checks from Jane, Don was struck
by lightning and experienced a spiritual enlightenment. He willingly returned the
checks to Fred and Sally and promptly joined the Peace Corps. Likewise, when
the church found out the donated check was a forgery, it was immediately
returned. Bob’s wife (also Sally’s best friend) found out about Bob’s online
sabotage and promptly remedied the situation. Once Fred’s Miracle Cough Syrup was
back on track, the company’s growth was exponential. Featured on a widely
viewed talk show starring a prominent doctor, online orders and demands from
big-box chains nationwide skyrocketed. Fred and Sally have been told that now
would be an ideal time to take Fred’s Miracle Cough Syrup public. The only
distressing issue at hand involves Tammy, a local girl who had been working as
a delivery girl for the company. She applied for Jane’s former job as
bookkeeper.
Fred and Sally hired Ted, an experienced accountant, instead, and Tammy has
filed a claim of sex discrimination against the company and Fred personally.
Fred and Sally are seeking your advice regarding Tammy and the possibility of
taking the company public.
Complete a legal analysis of the given facts, including the
following elements.
Specifically, the following critical elements must be
addressed:
I. Evaluate three current or potential legal and/or
regulatory issues apparent in this fact pattern that might impact a public
offering.
II. Determine whether Fred’s Miracle Cough Syrup is in
compliance with government regulations involving public offerings by analyzing
relevant laws and using
the appropriate legal test and facts given.
III. Support your conclusions and provide recommendations to
improve compliance and strategies for corporate growth.