Thought of the moment after reading about how Vitesse fired its CEO "amid the company's probe into possible improper dating of stock options."
Something that's wrong isn't made right when a lawyer tells you it's right and agrees to sign a letter stating that.
Something that smells wrong, seems wrong, and looks wrong is still wrong. A lawyer may provide justified for an act, but that's different than the act being the right thing to do.
I'm amazed at how many people delude themselves (so many ex-executives, for instance) into believing that. That's the Enron exec defense, I suppose.