Accounting-Based Class Suits, Settlements Reach New Highs Reviewed by Momizat on . Accounting-Related Class-Action Suits Rose In 2015 The number of securities class-action lawsuits related to accounting rose to a four-year high last year, with Accounting-Related Class-Action Suits Rose In 2015 The number of securities class-action lawsuits related to accounting rose to a four-year high last year, with Rating: 0
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Accounting-Based Class Suits, Settlements Reach New Highs

class-action-lawsuitAccounting-Related Class-Action Suits Rose In 2015

The number of securities class-action lawsuits related to accounting rose to a four-year high last year, with 71 actions filed, according to a study from Cornerstone Research.  The total value of settlements in these cases also rose significantly, surpassing $2.6 billion.  Michael Greene explains that these cases often involve allegations of internal-control weaknesses.

To read the full article in Bloomberg BNA, click: Accounting-Based Class Suits, Settlements Reach New Highs.

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