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Searching Content indexed under Court Procedure by Stanley Parzen ordered by Published Date Descending.
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The Second Circuit Holds That Section 11 Claims Based On Opinions Require Pleading Subjective Falsity
On August 23, 2011, the U.S. Court of Appeals for the Second Circuit affirmed a lower court’s dismissal of a claim under Section 11 of the Securities Act of 1933 brought on behalf of purchasers in a public offering, holding that plaintiffs failed to plead that the alleged misstatements were subjectively false.
United States
31 Aug 2011
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Illinois Appellate Court Resolves Issue of When Limitations Period for Accounting Malpractice Claim in a Tax Liability Case Begins to Run
The Illinois Appellate Court for the First District has held that the statute of limitations in an accounting malpractice case resulting in increased tax liability begins to run either when the taxpayer receives the statutory deficiency notice pursuant to Internal Revenue Code section 6212 or when the taxpayer agrees with the IRS’s proposed deficiency assessments, not when the taxpayer has reason to believe there is a controversy relating to the return.
United States
22 Apr 2010
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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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