Accountants' Liability: Litigation and Issues in the Financial Crisis
Are you prepared to capitalize on the litigation against financial companies and accountants generated by the recent economic crisis?Are you prepared to provide the informed representation that accounting professionals need?
New federal securities class action filings surged in 2008 in the wake of the financial crisis. Almost half of the new filings targeted financial companies and more than 40% were related directly to the subprime/liquidity crisis. Most of the suits took aim at accounting irregularities, and many of the suits named accounting firms. The number of new federal class action filings tapered off in 2009, but the number and value of securities class action settlements ballooned in 2009 by 35% over the previous year, according to a recent report by the Stanford Law School Securities Class Action Clearinghouse.
If you’re involved in the litigation, or affected by it, you need this course to understand the issues that are driving it and to better counsel your clients.