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Compliance Hotline
Options Expensing Rule Postponed by SEC
The Securities and Exchange Commission has extended the effective date of the Financial Accounting Standards Board's new accounting requirement, giving listed companies six additional months to comply with the controversial new rule that requires companies to deduct the cost of employee stock options from profits. Issued by the FASB in December, the rule was to take effect for the first fiscal quarter after June 15 for large companies and after Dec. 15 for small and foreign companies. The delay only changes the compliance dates, not the new accounting requirement and is intended to ease the regulatory burden on companies struggling to comply with the vast array of new auditing controls mandated by SOX.
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
Risks of “Baseball Arbitration” in Resolving Real Estate Disputes
“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.
One Overlooked Element of Executive Safety: Data Privacy
Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.