CPA Has No Liability to Third Parties for Review of Financial Statements

Originally published in California Civil Litigation Reporter, by Farley J. Neuman. In only the third California appellate decision to address accountants’ liability to third parties, the Second District Court of Appeal in Union Bank v Ernst & Whinney (1991) 227 CA3d 1389, 278 CR 490, held that a certified public accountant has no duty to third…

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Accounting Issues in Litigation: A Referee Can Blow the Whistle

Originally published in California Civil Litigation Reporter (December 1990), by Farley J. Neuman. Commercial litigation frequently involves accounting issues. For example: How much money was paid to a partner? How much profit did a company obtain from a particular product? Were expenses properly allocated between projects, divisions or contracts?

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Fear of Future Injury: Compensation or Not

Barrister Magazine (June 1985), By Richard J. Finn, Joshua S. Goodman and H. Christian L’Orange In a companion article authored by the Honorable Daniel H. Weinstein, his Honor discusses the fear of cancer claims raised during the Arnett v. Dow Chemical Company (1983) S.F. Master File No. 729586 case.  In that particular matter, the court…

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