SEC Official Urges Support for Greater Disclosure of Contingent Litigation Risks
At a financial executives meetng which included a talk by the acting FASB chief on FAS 5, an SEC official publicly stated that the SEC expects broader corporate disclosure of litigation risks. The original article is here. AmLaw’s Alison Frankel covers the story here. Her story includes a link to and praise for a prior article by Susan Beck in which Ms. Beck took strong issue with the corporations that seek to avoid disclosure of litigation risks.