How Tax Liabilities Appear in Financial Statements: A Guide

Discover how tax liabilities are reflected in balance sheets, income, and cash flow statements. Learn about deferred tax ...

Understanding Balance Sheets: Assets, Liabilities, and Equity

Learn how to analyze a company's balance sheet, including assets, liabilities, and equity, for smarter investment decisions.
JD Supra

Supreme Court Clarifies Liability Standard for Statements of Opinion in Securities Offering Registration Statements

A common question under Section 11 of the Securities Act of 1933 is whether and under what circumstances an issuer’s statement of opinion or belief may give rise to liability. The Supreme Court ...
Law

Regulatory: Director liability for proxy statement disclosure

Shareholders have brought a number of recent lawsuits against companies alleging, among other things, that the proxy statements used to solicit their votes were false or misleading. These lawsuits ...
JD Supra

Second Circuit Reinforces Liability Standard in Securities Cases Based on Statements of Opinion

Before the Supreme Court decided Omnicare in 2015, the Second Circuit – like many other courts – had held that the securities laws do not impose liability for a statement of opinion or belief unless ...
The National Law Review

Omnicare Clarifies Standards for Liability for Statements of Opinion Under Section 11

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
Law

'Omnicare' and Opinion Statements Liability in Securities Cases

On Tuesday, the Supreme Court released its long-awaited opinion in Omnicare v. Laborers District Council, 575 U.S. ____ (2015), which rejected the application of a solely objective standard in ...
SCOTUSblog

Opinion analysis: Justices uphold securities liability for distributing false statements

This morning’s decision in Lorenzo v. Securities and Exchange Commission brings no surprises, as the court’s holding follows the views apparent at the oral argument (discussed in my earlier post).
Accountancy Age

Auditor and director liability - statement in full

The full statement by Patricia Hewitt, DTI secretary, on the government's decision not to introduce a cap on auditor liability and its statement on director liability. The House will be aware that, ...
Reuters

SPACs and speculation: the changing legal liability of forward-looking statements

July 7, 2021 - Nowadays it's hard to browse any financial news headlines without seeing at least one title referencing the seemingly ubiquitous, buzzy term "SPACs," otherwise known as special purpose ...
JournalofAccountancy

Getting familiar with OPEB

In June 2015, GASB issued Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, and Statement No. 75, Accounting and Financial Reporting for Postemployment ...