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15 Apr 2024, 3:00 am by Andrew Lavoott Bluestone
The law is very clear that an agreement to perform unaudited services does not shield an accountant from liability because an accountant must perform all services in accordance with the standard of a reasonable accountant under similar circumstances, which includes reporting fraud that is or should be apparent (see 1136 Tenants’ Corp. v Rothenberg & Co., 36 AD2d 804 [1st Dept 1971], affd 30 NY2d 585 [1972]; see also William Iselin & Co., Inc. v Mann Judd… [read post]
12 Apr 2024, 6:30 am
Gubler (Arizona State University), on Monday, April 8, 2024 Tags: corporate boards, corporate law, directors, Fiduciary duties, Shareholder value, Stakeholders Delaware Supreme Court Holds Entire Fairness Applicable to All Conflicted Controller Transactions Posted by Gregory V. [read post]
12 Apr 2024, 6:30 am
Gubler (Arizona State University), on Monday, April 8, 2024 Tags: corporate boards, corporate law, directors, Fiduciary duties, Shareholder value, Stakeholders Delaware Supreme Court Holds Entire Fairness Applicable to All Conflicted Controller Transactions Posted by Gregory V. [read post]
11 Apr 2024, 9:05 am by Jeffrey J. Spina-Jennings
A common benefit enjoyed by private foundations is the ability to pay reasonable compensation to employees and board members, even if they are related to a substantial contributor. [read post]
10 Apr 2024, 8:37 am by Daniel M. Kowalski
INA § 212(a)(6)(A)(i) states that “An alien present in the United States without being admitted or paroled . . . is inadmissible”, and the BIA held in Matter of V-X-, 26 I&N Dec. 147 (BIA 2013) , that a grant of asylum is not an “admission” for these purposes, leaving asylees subject to the grounds of inadmissibility (although with the proviso that they cannot be removed unless their asylum status is terminated). [read post]