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McKenna Long & Aldridge LLP
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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 MoreState Courts Need More Funding - Now
Editor's Note: Many general counsel and their CEOs are not aware of the total costs of litigation because typically defense costs are expensed annually by the legal department while liability costs are expensed by the business unit at the time a payment is made to the plaintiff. Based on...
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