Apr 15
Investor claims were recently dismissed by a California district court against Mellanox Technologies Ltd. (“Mellanox”) for allegedly providing false or misleading statements related to the company’s prominence in the interconnect market and its prospects for future growth and revenue generation. The Court found that Mellanox had adequately cautioned investors regarding the risks associated with the …
Permanent link to this article: https://betweenthenumbers.net/2014/04/cautionary-language-is-key-in-securities-litigation-dismissal/
Apr 14
Andrew Barton, Director of the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) recently gave a speech entitled “People Handling Other People’s Money”, where he drew on his experience to make assessments of the sources of investor harm. He described how, despite people “trying to do the right thing by their clients, colleagues, owners and…even …
Permanent link to this article: https://betweenthenumbers.net/2014/04/sec-director-speaks-to-root-causes-of-investor-harm/
Apr 07
The European Parliament has adopted new rules regarding the statutory audit of public-interest entities in an effort to “considerably improve audit quality across the European Union and … ensure that auditors are key contributors to economic and financial stability….by strengthening of the independence of statutory auditors, making the audit report more informative, and improving audit supervision …
Permanent link to this article: https://betweenthenumbers.net/2014/04/eu-requires-10-year-auditor-rotation-and-other-efforts-to-improve-audit-quality/
Feb 05
When a financial restatement is necessary, it is not surprising that investors will take some time to regain trust and give full credit to future earnings announcements. A recent study, developed through a collaboration of professors from Singapore Management University and Boston College, suggests that the three quarter rebuilding period described in prior research may be …
Permanent link to this article: https://betweenthenumbers.net/2014/02/recovering-investor-confidence-after-a-restatement/
Permanent link to this article: https://betweenthenumbers.net/2014/01/from-hoops-to-riches/
Dec 18
Bit Coins are increasingly in the news. Denise Lugo of Bloomberg BNA describes “Bit Coins” as: a type of virtual currency, which loosely put, is created when a complex mathematical algorithm is solved using high power computers. It seems like overnight bit coins have become legitimate.” Ms. Lugo also summarized the FASB’s recent position at a …
Permanent link to this article: https://betweenthenumbers.net/2013/12/no-gaap-yet-for-bit-coins/
Jan 24
From Hoops to Riches?
January 24, 2014
Forbes recently released its annual business valuations of National Basketball Association teams, concluding that most teams became much more valuable since last year (average annual growth of roughly 24%). At $1.35 billion, the LA Lakers for example, are reportedly worth 35% more today than they were a year ago. This year’s growth among all 30 …
Continue reading