Proposed Accounting Standards Concern Counsel
In-house corporate lawyers and corporate attorneys at firms are worried that a far-reaching accounting-standard proposal to expand companies' disclosure about lawsuits and other loss contingencies will threaten attorney-client privilege and expose sensitive litigation information to adversaries. The proposal would apply to fiscal years that end after Dec. 15.
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Decision of the Day
Marlin v. Moody National Bank N A
(5th Cir. 06/30/2008)
Although sanctions may be awarded on the court's initiative, the district court must first issue the required show-cause order. 5th U.S. Circuit Court of Appeals, No. 07-20426.
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Tex Parte Blog
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