Thursday, 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.

--BC

http://lawprofessors.typepad.com/tortsprof/2008/08/accounting-tort.html

Legislation, Reforms, & Political News | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef00e553e529fb8833

Listed below are links to weblogs that reference Accounting & Torts:

Comments

Post a comment