The $787.5 million settlement recently reached between Dominion Voting Systems and Fox News is historic for many reasons, including both parties’ ability to agree upon a payout amount just minutes before the trial was set to begin. In its initial suit, Dominion sought damages totaling $1.6 billion for Fox News’s false and defamatory statements that […]
Posted on May 10, 2023
by
Adam Cohen
Criminals are constantly developing new and more elaborate ways to deceive taxpayers into revealing their personal identities and financial interests and ultimately cheating the U.S. tax system. To help protect yourself from becoming a victim of these crimes, the IRS annually publishes a “Dirty Dozen” list of the most common scams for which you should […]
Posted on May 02, 2023
by
Joel Young
U.S. tax law requires taxpayers to annually report many of their cross-border activities, including the existence of foreign bank accounts, interests in foreign companies and large gifts from foreign persons. While most of these reports are merely informational and have no bearing on taxpayers’ actual U.S. tax liabilities, failing to file the appropriate forms or […]
Posted on December 12, 2022
by
Richard Pollack
It likely will take years for the courts and regulators to unravel all the details that led to the recent bankruptcy filings of FTX, one of the world’s largest cryptocurrency exchanges, and its affiliated companies. While the exact cause and accounting of the once $32 billion company’s collapse remains to be seen, it has come […]
Posted on September 07, 2022
by
Scott Bouchner
In cases involving economic damages, attorneys have an obligation to prove lost profits with “reasonable certainty” based on the use of “best evidence.” Considering that the courts have not agreed on one universally accepted standard for defining “best evidence,” such decisions inevitably rely on the facts and circumstances of each individual case. As a result, […]
Posted on August 17, 2022
by
Joel Glick
While construction cranes continue to dot the skylines of cities across the world, the construction industry is facing a challenging time. Soaring demand for projects are being hampered by rising costs of construction materials, delivery delays due to supply chain disruptions and a shortage of skilled laborers. In this environment, real estate developers, building owners […]
According to the Association of Certified Fraud Examiners’ (ACFE) Report to the Nations, occupational fraud continues to plague the construction sector, which reported the fourth highest median losses of $203,000 among a total of 22 industries. Topping the list of the industry’s most common fraudulent schemes was corruption followed by improper billing practices and duplicitous […]
Posted on July 21, 2022
by
Joel Glick
In this episode Director of Forensic and Advisory Services Joel Glick explains how forensic investigations can be an important part of litigation matters.
Posted on July 12, 2022
by
Joel Glick
There are a variety of economic and non-economic factors that can negatively impact cash flows for businesses of all sizes across various industries. Currently, the ongoing labor and supply-chain constraints coupled with record-high inflation and rising interest rates are making it more difficult for businesses to cover their operating costs and maintain profitability. While there […]
June 1 marks the start of the Atlantic hurricane season and the potential for tropical force winds and heavy rainfall to damage property and impede business operations. The key to minimizing losses and getting your company back up and running after a storm is to have an actionable plan in place before the National Weather […]
