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

Posted date: July 06, 2016 In: QuickPress

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.

The National Association of Certified Valuators and Analysts (NACVA) supports the users of business and intangible asset valuation services and financial forensic services, including damages determinations of all kinds and fraud detection and prevention, by training and certifying financial professionals in these disciplines.

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