Updates
July 14, 2006
Legal Briefs: A Periodic Summary of Judicial Decisions Affecting Accounting and Financial Services Professionals - July 2006
Professional Services Liability Newsletter
In This Issue:
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New Jersey High Court Rules That Company's Fraud Does Not Bar Negligence Suit Against Its Auditor
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Directors of Acquired Company Did Not Breach Their Duty by Not Conducting Due Diligence into Accuracy of Acquiror's Financial Condition
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Lack of Agreement on Valuing Goodwill Creates Problems for a Start-Up Medical Practice
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Court Upholds Subpoena to Accountant for Records of a Non-Party Client
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Confidentiality Agreements Not Always Enforced by Courts
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In Brief
- Third Circuit Rejects "Deepening Insolvency" Claim Against Accounting Firm
- No Affidavit of Merit Required for Third-Party Complaint Seeking Contribution for Professional Malpractice
- Rent-to-Own Contracts Subject to Retail Installment Sales Act, Criminal Usury Law and Consumer Fraud Act
- Lawyers Who Represent Multiple Clients Cannot Settle Based on Majority Vote
The material contained in this communication is informational, general in nature and does not constitute legal advice. The material contained in this communication should not be relied upon or used without consulting a lawyer to consider your specific circumstances. This communication was published on the date specified and may not include any changes in the topics, laws, rules or regulations covered. Receipt of this communication does not establish an attorney-client relationship. In some jurisdictions, this communication may be considered attorney advertising.
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