AU 326, CECL and Calculating Loss Under GAAP
Over the last eight years (longer if one were to consider the events, initial inquiries, comments and processes that got us there), there has been a significant shift surrounding how to account for losses embedded in financial assets.People in the News—Dec. 13, 2024—Gawthrop Greenwood, Reger Rizzo
Gawthrop Greenwood partner James Doyle has been elected as the 2025 president of the Chester County Bar Association (CCBA).Pa. Jury Returns $4.2M Verdict in Medical Marijuana Program Dispute
“MJ Freeway came into Pennsylvania, a Colorado company, and got a giant contract, maybe $20 million to do this thing. They promised Pennsylvania that for the duration it would use a small diverse business,” said plaintiff's attorney Gary Green of Sidkoff Pincus & Green. “But after three years, they not only ditched TreCom and broke their promise that they’re going to give a small diverse business that experience, they didn’t replace TreCom with another one."Dispute Over Failure to Accommodate Disability Ends in $900K Settlement
"What they conveyed to her was that they couldn't give her the additional time off that she needed. It was an additional two weeks she needed to recover, and then she could have returned without any accommodation," plaintiffs attorney Drake Bearden Jr. said.House Passes Bill to Add Federal Judgeships in Face of Biden Veto Threat
The measure had broad support when the Senate passed it in August, but Democrats have largely withdrawn their support after Trump’s election win in November.Supply Chain Challenges and Opportunities Under the Second Trump Administration
The actions and potential retaliation by trading partners present supply chain challenges for companies' imports and exports. There will also be opportunities for U.S. manufacturers and companies seeking to invest in the United States.A Tech-Enabled Approach to Professional Development Is the Path Forward for Young Lawyers
While fears of an army of robotic attorneys replacing us at the courthouse or earning and keeping our clients’ trust are almost certainly premature, as legal professionals, it still may feel overwhelming to keep up with technological changes. This is a driving force behind the importance of lawyers engaging in continuous professional development, mentoring, and long-term succession planning.People in the News—Dec. 12, 2024—Pietragallo Gordon, Fox Rothschild
Pietragallo Gordon Alfano Bosick & Raspanti announced the addition of Gregory A. Mason to the firm’s Philadelphia office.Incoming Phila. Bar Chancellor Plans to Equip Members for Changing Tech Landscape
Katayun Jaffari said the association is developing a center for innovation and the practice of law where attorneys will be able to share resources on how to tackle top-of-mind tech-related issues such as artificial intelligence and remote work.Trending Stories
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