Accounting & Torts

There's a proposal by the Financial Accounting Standards Board to require publicly-traded companies to disclose "estimated costs" of pending litigation.  As you can imagine, this is causing some angst among those companies with significant but hard-to-predict exposure who predict that the information would be mostly of use to plaintiffs' lawyers, less so for investors.  The WSJ Law Blog has more; Point of Law has been covering it a lot too.

--BC