Lawsuits

Accounting-related class-action lawsuit filings and settlements both increased in 2023, according to a new report, even though the cases took longer to be filed.

Investors have filed a lawsuit against an accounting firm alleging it helped a client maintain a Ponzi scheme involving cash advances that led to the loss of millions of dollars.

The judge must decide if Trump intentionally inflated his annual financial statements by billions of dollars a year.

The arguments in Moore v. U.S. carry major potential implications, but these 14 excerpts suggest SCOTUS will deliver a less sweeping decision next year.

Jimmy Haslam contends Pilot Travel execs have changed quarterly-earning accounting methods in a way that will cut the value of his holdings by $1.2 billion.

Bartov testified that he "did not find any evidence of material misstatement" in the former president's financial statements and "no evidence whatsoever for any accounting fraud."

The case involves a former hedge fund manager whom the SEC accused of misleading investors.

"The accountants worked on it," the eldest son of former president Donald Trump testified in a Manhattan courtroom. "That's what we paid them for."

Internal auditors have found hundreds of referrals from other lawyers for Camp Lejeune and other cases were bogus, often based on doctored medical records and fictional reports of illness.

Many things can go wrong in buying an accounting practice, and sellers need to protect themselves.