19th Annual ALI-ABA Course of Study
Boston, Massachusetts
3 May 2007- 04 May 2007
Hosted By: the American Law Institute and the American Bar Association
The legal landscape of the accounting profession has altered dramatically due to corporate scandals and the response of Congress, the states, regulatory agencies, and professional organizations. In light of this uncertain environment, the American Law Institute and American Bar Association co-hosted this conference in Boston on 3-4 May 2007. The conference provided an overview of the changing principles that govern the field of accountants' liability, with particular emphasis on the recent developments that have occurred in the wake of the major corporate failures that have been linked to fraudulent financial reporting.
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As part of the conference, NERA Senior Vice President Dr. Vinita Juneja participated in a session on damages and causation. Dr. Juneja discussed the US Supreme Court's decision in Dura Pharmaceuticals and other recent developments, which have placed new emphasis on theories of damages and causation in class actions and other accountants' liability cases.
Other conference topics included:
