Audit Analytics recently introduced a new field designed to answer the question “who counsels who”. On our Company Profile pages, we now show which law firm most recently represented the given company. In addition to showing the outside counsel on the overview section … Continue reading
Category Archives: Litigation
Accountants’ Liability 2016 Conference Overview
At this year’s annual Accountants’ Liability conference held in Washington, D.C., Audit Analytics’ CEO, Mark Cheffers, together with Robert Kueppers, former Vice Chairman at Deloitte, presented a comprehensive update on liability exposure issues faced by the accounting industry. Topics covered in their presentation included large … Continue reading
SEC Sweeps Up: Lumber Liquidators Faces Scrutiny
SEC comment letters are a good source of information about the inner workings of a company. Even if the company may be well covered in the press, SEC comment letters still can offer additional information or new points of view. Back in March 2015, Lumber Liquidators … Continue reading
Foreign Corrupt Practices Act: Trends in Enforcement
In 2011, the Securities and Exchange Commission (SEC) initiated fifteen cases against companies alleged to be in violation of the Foreign Corrupt Practices Act (FCPA). Two thirds of those cases involved civil litigation, and the remainder were settled administratively out of court. Jump … Continue reading
Litigation Data Reveals Lumber Liquidators Issues
Last Sunday night, “60 Minutes” on CBS raised some serious concerns about Lumber Liquidators (LL) products, linking them to possible health and safety violations. Trading of LL stock was halted for two hours the following morning, and ultimately ended the day down 25%. Lumber … Continue reading
SEC Enforcement: Case Length and Settlements
The SEC’s efforts to police the market are sometimes measured by the number of enforcements brought forward. The thought, generally speaking, is that a greater number of enforcement actions represents tougher policies. In the words of Mary Jo White, Chair of … Continue reading
Defendant Representation in Shareholder Class Actions
Early last week, Fortune had a very interesting article about an upcoming Supreme Court case that’s set to consider the “fraud on the market” doctrine. It asked whether the decision might spell “Armageddon” for shareholder class action suits. The fraud-on-the-market doctrine … Continue reading