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National Law Journal

Bankruptcy Filings Surged in First Half of 2024 Amid Uptick in Big Chapter 11 Cases

"Commercial filing trends continue to show strong double digit percentage increases in year-over-year filings, while individual filings increased at a much lower rate compared to commercial filings in the first half of 2024," said Michael Hunter, vice president of the Epiq AACER bankruptcy data platform.
3 minute read

Corporate Counsel

EY Turns to Veteran of NYC Office to Fill Global GC Post

Michael Solender, who's been the accounting giant's top lawyer for a decade, is passing the legal reins to top deputy David Weintraub.
2 minute read

New Jersey Law Journal

Jury Returns $25M Verdict in Suit Over Sexual Abuse of Foster Child

The plaintiff's lawyer described his client as a highly credible witness who has "been consistent in all of this and has as clear a memory as I've ever seen in a client for the past 25 years."
6 minute read

Daily Report Online

'Or They Could Have Fired Deloitte': Embattled CFO Appeals Case, Arguing Auditor Pressed Company Into Firing Him

"The evidence is there that she was angry about the shifting responsibilities from her to [the plaintiff] and that could be a motive to destroy his career," said plaintiff-appellant counsel Randolph Mayer.
5 minute read

Daily Business Review

McDermott Welcomes Back Litigation Partner Following Stint With Miami-Dade County

Audrey Pumariega gained hands-on experience with the county handling personal injury cases.
3 minute read

Law.com

11th Circuit: Relying on CPA Not 'Reasonable Cause' to File Late Tax Returns, Even With E-Filed Forms

"Taxpayers need to fully understand both the hidden dangers and available protections when relying on an agent to file their tax returns, and accountants and other professional tax preparers should advise their clients of taxpayers' responsibilities to ensure the submission of their returns regardless of their reliance on an agent," the appeals court said.
5 minute read

The Legal Intelligencer

Buchanan Adds Ex-Paul Hastings CFO, New Business Development Officer

Kathleen Deuschle joined the firm's Pittsburgh office as chief financial officer in July and Elizabeth Lockett joined the firm's Washington, D.C., outpost roughly a month ago as chief business development officer.
4 minute read

New York Law Journal

Living Life the 'Sid Kess Way': Renowned Tax Expert and Law Journal Columnist for More Than 50 Years Dies at 97

"Sid was more than a teacher: he was an example of how we can all be better people by going out of our way to connect with others and help them in whatever way we can," one tax attorney from Kess' firm said.
4 minute read

Daily Business Review

Florida Bar Rolls Out Free Trust Accounting Software for All Its Members

"Lawyers are not accountants … and these are hyper technical rules," Scott Westheimer, president of The Florida Bar, said. "All of those common types of violations, that are technical, we think can be resolved by utilizing the software contemporaneously and keeping track of all your transactions."
3 minute read

Corporate Counsel

Ernst & Young's US GC Steps Aside Amid Scrutiny of Firm's Handling of Cheating Scandal

A $100 million settlement with the SEC last year required E&Y to hire a consultant to examine how legal, compliance, top brass and other employees might have contributed to disclosure lapses stemming from CPAs' cheating on licensing exams.
4 minute read

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