Lawsuits

A lender that owns the auto parts supplier's debt sued BDO USA alleging it failed to detect problems before the company collapsed into bankruptcy.

The IRS announced a streamlined way for Employee Retention Credit claimants to extend the two-year deadline to file a refund suit after a claim disallowance.

A judge questioned whether the president's lawsuit against the IRS and Treasury can proceed with Trump effectively in control of both sides of the litigation.

The blue-chip auditing firm of Deloitte is being sued after signing off on the fund's financial statements before its collapse in 2025.

A Texas judge struck down a rule requiring professionals engaged in real estate closings and settlements to report information about nonfinanced transfers.

The yearslong lawsuit involves the investors in a defunct hedge fund who sued the auditing firm for negligence, breach of contract and breach of fiduciary duty.

The number of accounting-related securities class action filings plummeted 40% last year, according to a new report, but the total settlement value rose 40%.

AI in hiring is not a technical shortcut; it's a regulated activity with legal consequences if misused.

Attorneys general from New York, California and Oregon said a group of states is planning to file a lawsuit in the Court of International Trade over the order.

The confusion over pending Employee Retention Credit claims is bad. The situation for disallowed claims is much worse.

President Trump has been given a deadline of next week to respond to claims that his $10 billion lawsuit against the IRS poses a glaring conflict of interest.

The Internal Revenue Service improperly disclosed confidential taxpayer information on immigrants to the Department of Homeland Security.

A federal appeals court reversed a lower court decision involving the Corporate Transparency Act, finding it to be constitutional, although it remains on hold.

The Internal Revenue Service has given churches and other houses of worship the green light to endorse political candidates.

President Donald Trump and his allies are pursuing an alternative strategy to defend against mounting court orders blocking his policies: Raise the financial stakes for those suing the administration.

Semple, Marchal & Cooper LLP has filed suit against the BDO Alliance and its chairman after it was ejected from the alliance.

The university sued several U.S. agencies and top officials for freezing billions of dollars in federal funding and threatening its tax-exempt status.

The number of accounting-related securities class-action filings increased slightly in 2024, but were filed against smaller companies, according to a new report.

A federal district court in Texas has stayed an injunction that had prevented enforcement of the Corporate Transparency Act and its reporting requirement.

A Tax Court ruling that limited partners in an investment manager must pay Uncle Sam could cause some restructuring across the industry, an expert said.