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Good records management policies and knowledge of the law will help records managers keep their companies afloat in the face of possible litigation

In several recent court cases, corporate IT representatives have incorrectly testified under oath that their company positively had or did not have certain potentially relevant documents or other data. When the truth was revealed in court that their original testimony was not accurate, the judge handed out stiff fines and other damaging sanctions. In a more recent case, Morgan Stanley's sanction for failure to preserve and produce certain electronic records contributed to an adverse $1.4 billion damages judgment. Cokman v. Morgan …