Materiality: No, the SEC did not write SAB No. 99

0 Comments

Corporate Counsel serves up a mostly excellent article, Securities Law Disclosure Checklist for Alleged (or Confirmed) Misconduct. It outlines disclosures that public companies should consider regarding alleged misconduct by employees, directors, or officers (e.g., “accounting improprieties, disclosure failures, criminal or civil actions involving the company and/or management, scandalous personal indiscretions, threatened disciplinary actions, fraud, false statements, or omissions, […]

SEC loses laptops. IRS, EPA lose emails. CDC loses Ebola. What next?

0 Comments

What times are these when supposedly uber-competent government agencies lose control of, well, mission-critical stuff like laptops, emails, and deadly viruses? What’s next? The SEC OIG says hundreds of laptops are unaccounted for. The good news is that OIG has disclosed they’re missing. Bad news? While the IRS and EPA “lose” only emails, the SEC loses […]

Statistician wins big with SAS 9.3 in False Claims Act case

0 Comments

Statistics and SAS 9.3 were big winners yesterday, in U.S. District Court for the Eastern District of Tennessee. In United States ex. rel. Martin v. Life Care Centers of America (1:08-cv-251), the court denied, after its own detailed analysis of proffered expert testimony, a defense motion to exclude the government’s testifying expert statistician, Dr. Constantin T. Yiannoutsos. In […]