August 14, 2008
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.
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