When the professionals make an error, how do you hold them accountable?
The alleged wrongdoing of legal and financial professionals made news in several cases recently. The New Jersey accountant who acted as business manager for musicians Ne Yo and Brian McKnight was convicted by a federal jury of several crimes, including defrauding the musicians of millions. Elsewhere, after years of litigation in the Stanford Ponzi scheme matter, Proskauer Rose, without admission, agreed to settle claims against the firm for $63 million. The Enron scandal also made a brief return to the headlines when the company’s former CEO, Jeffrey Skilling, was released from prison to a halfway house at the end of August.
Asterion’s consultants have worked on many claims involving financial professionals, working on behalf of both plaintiffs and defendants. If your case involves a professional negligence claim, consider contacting us.
When damage to a business accrues over time, what can you do?
The most common scenario for a business interruption is a sudden event, like a storm or a fire. However, some interruptions do not happen instantaneously. Along Florida’s gulf coast, the year-long red tide that has harmed wildlife and kept tourists away is now affecting businesses.
If you have a business interruption or loss, consider contacting Asterion to assist you in getting the recovery to which you are entitled.
Trends We’re Watching
The U.S. Treasury Department has proposed regulations regarding new SALT deduction cap.
On the Lighter Side: The Element of Surprise
Some surprises are welcome: Philadelphia’s soft pretzels are expanding to New York; maple isn’t just for pancake syrup anymore; and putting almost any food on a stick somehow makes it more appealing. On the other hand, having your date skip out on the check after an expensive meal is a nasty surprise few see coming. That’s how a guy in Los Angeles got away with it for so long.
What’s Puzzling Us: Questions that remain unsettled
Summer isn’t endless, but litigation to restrict access to California beaches might be.
The Thread Recommends: Checking out these podcasts if you like true crime stories, and avoiding annoying email mistakes.
Spotlight on Professional Negligence
Asterion, Inc. (“Asterion”) has extensive experience providing expert and consulting advice related to professional negligence damages, as well as accounting malpractice liability and damages, including adherence to applicable professional standards.