Legal Briefs - A Periodic Summary of Judicial Decisions Affecting Accounting and Financial Services Professionals

In This Issue:

• New Jersey High Court Rules That Company's Fraud Does Not Bar Negligence Suit Against Its Auditor
• Directors of Acquired Company Did Not Breach Their Duty by Not Conducting Due Diligence into Accuracy of Acquiror's Financial Condition
• Lack of Agreement on Valuing Goodwill Creates Problems for a Start-Up Medical Practice
• Court Upholds Subpoena to Accountant for Records of a Non-Party Client
• Confidentiality Agreements Not Always Enforced by Courts
• In Brief
  

1. Third Circuit Rejects "Deepening Insolvency" Claim Against Accounting Firm

2. No Affidavit of Merit Required for Third-Party Complaint Seeking Contribution for Professional Malpractice

3. Rent-to-Own Contracts Subject to Retail Installment Sales Act, Criminal Usury Law and Consumer Fraud Act

4. Lawyers Who Represent Multiple Clients Cannot Settle Based on Majority Vote

To view the full brief, please click on the PDF link above.