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Litigation and Contingent Liabilities
In his Professional Liability column, Norman B. Arnoff, of the Law Offices of Norman Arnoff, writes that the going concern qualification implicates difficult legal and accounting judgments; difficulties also exist for both the legal and accounting professions and mandate a higher consciousness to sustain the integrity of the financial reporting process when contingent liabilities arise from threatened or pending litigation.Cite as: Costello v. City of Burlington, 08-0551-CV, NYLJ 1202482120529, at *1 (2Cir, Decided February 14, 2011)Before: Jacobs, Ch.J., Calabresi and Pooler, C.J
JP Morgan Chase Bank v. Altos Hornos de Mexico S.A. de C.V.
�Koreag� Inapplicable Where Bankruptcy Creditor Must Pay Down Debt in Foreign Bankruptcy CaseJustices to Mull Anti-Abortion Speech Case
The so-called Nuremberg Files case, a contentious First Amendment dispute over a virulent anti-abortion Web site, goes before the U.S. Supreme Court for review at its private conference on Friday. At issue is whether the Nuremberg Files Web site and "Wanted" posters listing abortion providers amounted to threats and intimidation that are not protected speech under the First Amendment.Citing Madoff, judge slams SEC
A federal judge in Atlanta has sharply criticized the U.S. Securities and Exchange Commission for what he described as a seven-year "relentless pursuit" of a Tennessee businessman and his lawyer partner while "studiously ignoring Bernard Madoff and the largest Ponzi scheme in American history." In an order handed down July 28, U.Wal-Mart Told to Release Documents in Bribery Case
The Delaware Court of Chancery has ordered Wal-Mart to release internal documents detailing its directors' knowledge of allegations that the company's Mexican affiliate, Walmex, bribed government officials in order to obtain permits to build stores in specific locations.Lackawanna Judge Orders Hospital to Turn Over Event Reports
A Lackawanna County judge has ruled that a hospital's event reports relating to a medical malpractice case are not immune from discovery.Negligence Action May Use Federal Disabilities Act Violations as Evidence
A violation of the Americans with Disabilities Act may be evidence of negligence in a health care worker's suit stemming from a fall she took while guiding a wheelchair-bound patient down the steps of a building lobby, a state judge has ruled.Trending Stories
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