tag:blogger.com,1999:blog-16438495.post7022714966219668753..comments2024-01-25T18:53:11.461-06:00Comments on Center for International Finance & Development: Can Third Parties be Sued for Doing Business with Companies Who Commit Fraud?Webmasterhttp://www.blogger.com/profile/03812565839828757976noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-16438495.post-12297835523576536922021-05-12T02:15:29.490-05:002021-05-12T02:15:29.490-05:00What regarding if you work with the incorrect indi...What regarding if you work with the incorrect individual to be your accounting professional or take care of cash at your company? There are several tales of just how somebody was taken benefit of since they did not do a criminal document <a href="https://pascocountyarrests.com/" rel="nofollow">recent pasco arrests</a> examination on a person they employed.Dominickhttps://www.blogger.com/profile/16892760646468170505noreply@blogger.comtag:blogger.com,1999:blog-16438495.post-23375642501347251622007-10-09T07:10:00.000-05:002007-10-09T07:10:00.000-05:00It’s worth remembering that a ruling for the defen...It’s worth remembering that a ruling for the defendants in Stoneridge would leave current law unchanged, while a ruling for the plaintiffs would radically alter current law.<BR/><BR/>The Court and every federal circuit court but one have made secondary<BR/>liability (the plaintiffs call it “scheme” liability) off limits for private suits.<BR/><BR/>However, neither the Court<BR/>nor Congress have set prosecution of accomplices off bounds in securities<BR/>cases - they have simply left that task solely to the SEC and the Justice Department.<BR/><BR/>This balances the need for justice in such cases with the need to protect the economy from being hamstrung and hog-tied by an avalanche of lawsuits.<BR/><BR/>The blog “10b-5 Daily” had an interesting post last week headlined “NERA Releases Study on “Recent Trends In Shareholder Class Action Litigation”<BR/><BR/>The gist of it is that the NERA Economic Consulting study, included the following info:<BR/><BR/>The number of such filings has increased, with 76 new filings through the first half of 2007. The projected annual total of 152 would be a 12% increase over last year.<BR/><BR/>The average settlement value during the first half of 2007 (excluding settlements over $1 billion) hit a new high of $30 million. There is evidence, however, that this trend may reverse direction based on a decline: (i) in the investor losses associated with recent filings; and (ii) in the prevalence of accounting allegations in recent filings.<BR/><BR/>Eight of the top ten settlements of all time have resolved in 2006 or 2007, or are pending. Tyco’s announced preliminary settlement of $2.975 billion would be the largest amount ever paid by a single settling defendant.<BR/><BR/>Here’s the link: <A HREF="http://www.the10b-5daily.com/archives/000853.html" REL="nofollow">http://www.the10b-5daily.com/archives/000853.html<BR/><BR/></A><BR/><BR/>Now, imagine if the Stoneridge case was decided for the plaintiffs. The number of such lawsuits would skyrocket, putting a “scheme liability” tax on the economy.Anonymousnoreply@blogger.com