Accounting says maybe, but the tax laws say yes
This year is the first full year in which the Financial Accounting Standards Board's (FASB) guidance on how to account for goodwill and other unidentifiable intangible assets is in effect for presentation in financial statements.
Ausman v. Arthur Andersen, LLP.
Whether an in-house attorney has a claim to sue its employer for retaliatory discharge when the employee is fired for insisting that certain actions taken by the employer should have been subject to internal company procedures.
The Board of Trustees of Community College District 508 v. Coopers & Lybrand
Background facts: Zebra Technologies Corporation (Zebra) is a Delaware corporation, located in Vernon Hills, Illinois, which develops and manufactures two-dimensional bar coding equipment.
Checklist for financing sources
From time to time, a client asks for assistance in seeking financing sources for growth, a business buyout, or other business needs.
Cosgrove Distributors, Inc. v. Haff
Issue: Whether a creditor may pierce the corporate veil and hold the shareholders liable for the debts of the corporation when the creditor failed to perceive that the debtor party was a corporation.
Does Illinois need a Business Trusts Act?
Illinois has been in the process of revising and modernizing the statutes that determine the rights and liabilities of insiders and outsiders in business organizations for the last 23 years.
From the editors
In this edition of the newsletter, we bring you an article that discusses the new filing requirements under SEC Form 8-K.