The January 16, 2014 Armed Services Board of Contract Appeals (ASBCA) decision in the Appeal of Northrop Grumman Corporation, ASBCA No. 57625, 2014
The Foreign Corrupt Practices Act (FCPA) constitutes the single most significant compliance challenge for companies operating internationally. Over
Now that the Health Information Technology for Economic and Clinical Health (HITECH) rules finally have been released, health care companies and
The United States District Court for the Eastern District of New York, applying New York law, has held that a dishonesty exclusion precluding
On December 3, 2012, the U.S. Securities and Exchange Commission (SEC) began proceedings against the Chinese affiliates of five major accounting firmsDeloitte, Ernst & Young, KPMG, PwC and BDOfor their refusal, in violation of the securities laws, to produce documents sought by the SEC as part of ongoing investigations into accounting fraud by Chinese companies.
The Contract Disputes Act (CDA), 41 U.S.C. 7103(a)(4)(A), provides that all claims, whether by a contractor or the Government, must be submitted within six years of the accrual of the claim.
In a January 6, 2012 decision, the Armed Services Board of Contract Appeals (ASBCA) held that a claim asserted by the Defense Contract Management Agency (DCMA) relating to the alleged cost impact of a contractor's voluntary change to its accounting practices was untimely under the six-year statute of limitations in the Contract Disputes Act, 41 U.S.C. 7101-7109.
Applying Maryland law, the United States Court of Appeals for the Fourth Circuit has held that a professional liability policy’s insurance-broker exclusion did not relieve an insurer of its duty to defend a series of lawsuits filed against an insured accounting firm.
Applying Maryland law, a federal district court has held that an insurer had no duty to defend a claim by a state agency that alleged that the insured accounting firm had assisted its clients in committing workers’ compensation fraud because the applicable policy excluded coverage for claims based on products other than “financial products,” which, as defined by the policy, did not include workers’ compensation applications.
There have been lots of developments relating to political money lately.