Recently by William Bill Ide
ABA Urges FASB - U.S. Litigation Differs. Don't Amend SFAS 5
Editor: Bill, what was the role of the ABA Task Force that you chair in preparing the ABA's Comments on the Financial Accounting Standards Board (FASB) exposure draft titled "Disclosure of Certain Loss Contingencies: An Amendment of FASB Statements 5 and 141(R)" ("Exposure Draft or Amendment") and...
Read MoreThe Menace And Promise Of The Independent Monitor
Editor: How did the special monitor concept begin? Ide : The concept that a court of equity has special powers to direct resources has been around forever. The courts of equity in England used special masters as ancillary resources. Recently in the US, the concept was applied under RICO when...
Read MoreAAA, Independent Fact-Finding And The Subprime Crisis
Editor: Bill, when did you first become aware of the power of Independent Fact-Finding (IFF)? Ide: My interest was sparked back in the 1980s in connection with the E.F. Hutton debacle. Public trust needed to be restored in that company because doubts, media attacks and regulator involvement...
Read MoreA Key Compliance And Governance Role For The General Counsel
The contributors to this Special Section were asked to comment on the role of the general counsel as persuasive counselor as discussed in an article by E. Norman Veasey and T. Di Guglielmo in the November 2006 Business Lawyer page 1 entitled The Tensions, Stresses and Professional Responsibilities...
Read MoreReining In Government Actions That Deter Self-Regulation -- A Question Of National Survival In The Global Competition
The Committee of Corporate General Counsel ("Committee") of the ABA Business Law Section presented a program on March 16 that included a panel entitled " New Commissions, New Recommendations: U.S. Capital Markets and Corporate Reforms." The panel discussed three reports ("the Reports") containing...
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