Corporate Accountability Report Index-Summary

ABA

See AMERICAN BAR ASSOCIATION (ABA)

ACCOUNTING

– Fair value

See FAIR VALUE

– FASB

See FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)

– IASB

See INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)

– IFRS

See INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)

– Non-GAAP financial measures, SEC guidance, 52
– Tax shelters

See TAX SHELTERS

ACQUISITIONS

See MERGERS AND ACQUISITIONS

ADVERTISING

– Omnicom, loss causation, internet advertising, class accounting case (2d Cir.), 273
– Thane Intl., loss causation in revelation of misrepresentations (9th Cir.), 859

AGRICULTURE

– Intrepid Potash, presuit demand futility not shown (D. Colo.), 1350

AICPA

See AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA)

AIDING AND ABETTING

– Fischer Imaging, revenue recognition claims against sales official (D. Conn.), 769
– McKesson HBOC executive sentenced (N.D. Cal.), 468
– Merger, common shareholders lack payout (Del. Ch.), 794
– Merrill Lynch, former executive settles Enron charges (S.D. Tex.), 524
– Private civil action

See LEGISLATION, FEDERAL, HR 5042

– Refco fraud

– – Attorney sentenced (S.D.N.Y.), 128
– – Grant Thornton settles claims (S.D.N.Y.), 1150
– – Mayer Brown partner, SEC settlement without penalty, approval deferred (S.D.N.Y.), 203; court approves, 627

– SEC authority, expansion under Wall Street reform law, 1080; changes helpful, 1224; wider range of sanctions for auditors, other professionals, 1313
– Stock option backdating recordkeeping claims (E.D. Mo.), 70
– Tax avoidance scheme, attribution of false statements against law firm (5th Cir.), 1200

AIR TRANSPORTATION

– Boeing, whistleblowers leaking documents to media (W.D. Wash.), 172
– JetDirect Aviation Holdings, creditors standing to bring derivative fiduciary breach suit against insolvent LLC (Del. Ch.), 1258

AMERICAN BAR ASSOCIATION (ABA)

– Attorney-client privilege, effect of FASB loss contingencies disclosure proposal, 1054; vote to delay, 1177; project not dropped, 1260; SEC expects disclosure compliance, 1261
– Conferences and meetings

See CONFERENCES AND MEETINGS

– MBCA proxy access and reimbursement amendments, section report, 88; amendments adopted and proposed, 1012

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA)

– Conferences and meetings

See CONFERENCES AND MEETINGS

– IFRS awareness increasing, survey, 553
– Reporting requirements for annual broker-dealer audits, 1305

ANTITRUST

– Director interlock prevention, Action Memo, 400
– Preemption of claims in short sale transactions (U.S., rev den), 523

ARBITRATION

– Books and records inspections, contractual requirement (Del Ch.), 574
– Del. procedure for complex business disputes, 242
– Sarbanes-Oxley whistleblower suit, contract arbitration requirement waiver (10th Cir.), 469

ATTORNEY-CLIENT PRIVILEGE

– Del. corporation law cases, second quarter 2010, 699
– Discovery, clawback provision in protective order (D. Kan.), 796
– EU, communication between in-house counsel and corporate employees (ECJ), 1021
– Inactive bar status of in-house counsel, application of privilege (S.D.N.Y.), 714
– Insurance brokers, privilege dependent on facilitating legal services (S.D. Tex.), 381
– Internal investigations, Upjohn warnings, 491
– Legal memorandum on tax litigation possibility, in camera review (D.C. Cir.), 716
– Loss contingencies disclosure, effect of FASB proposal, ABA comments, 1054; vote to delay, 1177; project not dropped, 1260; SEC expects disclosure compliance, 1261
– Notes from CTO inventory meetings (N.D. Cal.), 67
– SEC investigations, offer only facts and details to preserve, 708
– Tax accrual work papers

– – Deloitte applies privilege (D.C. Cir.), BNA Insights, 839
– – Textron (U.S., rev sought), 7; amicus briefs, 100; additional briefs, 123; no circuit split, says government brief, 377; circuit split needs resolution, reply brief, 440; attorneys disappointed at no review (rev den), 539; communication with attorneys and auditors could be affected, 568

– Waiver

– – Consultant ability to stop company waiver (9th Cir.), 765
– – Dual representation, fiduciary duty breach as crime-fraud exception (Ill. App. Ct.), 379
– – Investment banker present for merger agreement (Del. Ch.), 622
– – Producing privileged documents to federal investigators (S.D.N.Y.), 272
– – Wells submissions to SEC (N.D. Cal.), 272

ATTORNEYS

See also ATTORNEY-CLIENT PRIVILEGE
– Aiding and abetting, attribution of false statements against law firm in tax avoidance scheme (5th Cir.), 1200
– Disclosure, multidisciplinary approach to narrative of accounting issues, BNA Insights, 416
– Fees

See ATTORNEYS' FEES

– General counsel obligations, Action Memo, 1163
– Insider trading claim against attorney French (S.D.N.Y.), 860
– Internal investigations, procedural best practices, 517
– Mayer Brown role in Refco fraud

– – Aiding and abetting, attorney sentenced (S.D.N.Y.), 128
– – SEC settlement with Collins lacks penalty, approval deferred (S.D.N.Y.), 203; court approves, 627
– – Secondary actor liability for fraud, SEC urges (S.D.N.Y.), 320; attribution and reliance needed (2d Cir.), 436; congressional action needed to protect investors, says attorney group, 437; plaintiffs request en banc rehearing, 545; rehearing denied, 826

– Private civil action, aiding and abetting

See LEGISLATION, FEDERAL, HR 5042

– Prosecutorial misconduct leading to Broadcom dismissal, appeal (C.D. Cal.), 41; SEC won't pursue, 148; DOJ won't pursue, 576
– SEC

– – Disbarment authority dispute (S.D.N.Y.), 1351
– – Regulating and disciplinary standards, 592
– – Rulemaking, input from attorneys sought, 465

– Whistleblowers

– – Application to in-house counsel (Minn.), 740
– – Patents obtained through fraud claim, no specificity (2d Cir.), 1174
– – SEC bounty program, role, 618; program will increase litigation, 787; board function hampered, 848; program already in effect, 849; SEC proposed rules create complications, 1281
– – Wrongful discharge of in-house counsel based on internal complaints (D. Nev.), 15

ATTORNEYS' FEES

– Adelphia Comm., fee allocation (2d Cir.), 1173
– Amylin Pharmaceuticals, disabling continuing directors debt instrument provisions (Del. Ch.), 1292
– Del. corporation law cases, first quarter 2010, 316
– Enron challenge to award rebuffed (5th Cir.), 1297
– Indemnification

See INDEMNIFICATION

– Mergers and acquisitions

– – Cox Radio disclosure settlement, fees reduced (Del. Ch.), 550
– – Oakley Corp., shareholder suit for proxy changes (Cal. Ct. App.), 102
– – Tender offer price increase, causation (Del.), 101

– PSLRA, prevailing parties not entitled (9th Cir.), 626
– Separation agreement under Okla. law governs (10th Cir.), 990
– Stock option backdating, objections deadline must be after motion filed (9th Cir.), 924
– Veritas Software class settlement, fees approved (3d Cir.), 1115

AUDITOR LIABILITY

– Aiding and abetting, SEC authority increases, 1313
– BDO Seidman, fraud-created-the-market theory (3d Cir.), 891
– Deloitte & Touche role in Adelphia, pleading deficiencies (S.D.N.Y.), 990
– Dohan + Co., improper certification of financials, charged (W.D. Wash.), 862
– Ernst & Young

– – Accredo Health audit, misleading statements, no scienter (6th Cir.), 1059
– – Lehman Bros.

– – – Audit, N.Y. AG files fraud charges (N.Y. Super. Ct.), 1384
– – – ERISA class action, Fidelity failure to sue (D. Mass.), 1024

– – Negative causation in tax shelter (E.D. Wash.), 104
– – Scienter in product return reserves GAAP violations (D. Ariz.), 48
– – U.K. investigates bank auditing, 1122

– eXtensible Business Reporting Language (XBRL), IAASB Q&A, 75
– Grant Thornton

– – Damages reduced by attorney malpractice award (S.D.W. Va.), 280
– – Refco claims settle (S.D.N.Y.), 1150

– Independence and risk of non-audit consulting business, 1323
– KPMG LLP

– – Countrywide Fin. lending practices, class settlement (C.D. Cal.), 498; preliminary approval granted, 829
– – Tax shelter, executives convictions upheld, fines remanded (2d Cir.), 961
– – Third party liability rejected (N.Y. Ct. App.), 1179

– Long-tail risks as focus of audit committees, 72
– Management subject to enforcement even if not involved in audit, 742
– Moore Stephens Wurth Frazer & Torbet settle with SEC, 1388
– PricewaterhouseCoopers

– – Fraud claim for hedge fund audit, dismissal (N.Y.), 720
– – In pari delicto defense availability

– – – AHERF (Pa.), 206; vacated (3d Cir.), 604; defense narrows, BNA Insights, 748
– – – AIG, derivative litigation, N.Y. law (Del.), 279

– – Negative causation in tax shelter (E.D. Wash.), 104
– – Third party liability rejected (N.Y. Ct. App.), 1179
– – U.K. investigates bank auditing, 1122

AUDITOR OVERSIGHT

– Investor confidence, survey, 985
– Loss contingency disclosure, SEC scrutiny increasing, 443
– Public Company Accounting Oversight Board

See PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD (PCAOB)

– Regulatory framework, review launched, 475; overhaul of auditor oversight needed, 1119
– Satisfaction with external firms, survey, 686

AUTOMOBILES

See MOTOR VEHICLES