Searching Content by Brian Massengill ordered by Published Date Descending.
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US Audit Committees And Capital Allocation Strategies
Audit Committees in the United States are facing increased demands from many quarters in 2015, which expand their responsibilities, expose them to greater shareholder and regulatory scrutiny and potential liabilities.
United States
23 Jun 2015
Three More Things US Audit Committee Members Should Consider in 2015
This Legal Update focuses on three issues that should be considered by Audit Committees of public companies in 2015: (i) Internal Investigation Privilege and Confidentiality, (ii) Expanding PCAOB-Mandated Rules for Audit Committees, and (iii) Continued ISS Corporate Governance Scrutiny of Audit Committee Members.
United States
27 Apr 2015
US Federal Appellate Courts Uphold Dismissal of Securities Fraud Claims Against Auditors in Two China Reverse Merger Cases
In opinions issued on the same day, federal appellate courts for the Second Circuit and the Eleventh Circuit both recently affirmed dismissals of securities-fraud claims filed against independent audit firms ..
United States
31 Mar 2015
Three Things US Audit Committee Members Should Consider In 2015
Audit Committees are facing increased demands from many quarters heading into 2015.
United States
26 Jan 2015
New York Appellate Court Broadens Common Interest Privilege
The New York Supreme Court, Appellate Division, First Department recently issued an opinion that provides important clarification to the scope of the common interest privilege under New York law.
United States
14 Jan 2015
Three Things US Audit Committee Members Should Consider Now
Audit Committees have seen their responsibilities increase dramatically in 2014.
United States
15 Sep 2014
New York Court Reaffirms Strong In Pari Delicto Defense
In a decision of significance for any professional service firm, the New York Court of Appeals forcefully reaffirmed the common-law doctrine of "in pari delicto" as a bar against claims by corporate representatives against outside auditors who fail to uncover the corporation’s own wrongdoing.
United States
8 Nov 2010
No Showing of Loss or Materiality Needed at Class Certification Stage According to United States Court of Appeals for the Seventh Circuit
The United States Court of Appeals for the Seventh Circuit has issued an opinion that relieves plaintiffs in securities litigation from making any showing of loss or materiality at the class certification stage.
United States
2 Sep 2010
Court Reaffirms Limits On Auditor Liability To Third Parties
On June 23, 2010, the Third District Court of Appeal for the State of Florida reversed entry of judgment on a $510 million jury verdict against BDO Seidman, LLP, and remanded the case for a new trial.
United States
2 Jul 2010
Fraud and Forbearance: State Courts Divided on Whether to Recognize Claims by Securities Holders
Two recent state appellate court cases demonstrate the division in the law regarding whether holders of securities can maintain a cause of action related to alleged fraud and negligent misrepresentation.
United States
25 Jun 2010
Jury Finds BDO International Not Liable For Judgment Against BDO Seidman LLP
BDO International, B.V. (BDO International) was ruled not liable for a $170 million compensatory damages award against its US Member Firm, BDO Seidman LLP.
United States
23 Sep 2009
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