Since FASB amended Accounting rules to give companies the flexibility to withhold taxes from stock plan vestingexercise at a rate above the minimum
PriceWaterhouseCoopers LLP failed in its effort to have a federal court in New York City dismiss a malpractice claim brought against it by the plan
The New York State Attorney General's Charities Bureau recently issued guidance on one of the key provisions of the New York Non-Profit
In Matter of Max Oshman, DTA No. 825941 (N.Y.S. Div. of Tax App., Apr. 3, 2014), a New York State Administrative Law Judge ruled that the Department
On April 8, 2013, Judge Shira A. Scheindlin of the Southern District of New York granted auditor Deloitte Touche Tohmatsu CPA's ("DTTC") motion to
When an executive search firm bought the goodwill and other assets of a similar firm and learned that the individual sellers took client lists and
FLSA litigation generally moves from industry-to-industry, and, in the most recent wave of litigation, one of the hardest hit industries has been the accounting profession, particularly the “big four” accounting firms, which have been subjected to large-scale challenges of their classification of junior accountants as exempt. Typically, these individuals hold accounting degrees and work on massive audit projects for their employer.
A federal judge has dismissed a FLSA class action lawsuit where the theory was the group of employees was improperly classified as exempt.
The assets that may be frozen to fund an equitable accounting in a trademark counterfeiting case are limited to those necessary to disgorge profits, according to a recent decision in the Southern District of New York.
The failure to allege economic loss and loss causationessential elements of a securities fraud claimshould be fatal to a Rule 10b-5 complaint.