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Also significant was the court's ruling that nonclient third-party investors who relied on the independent accountant's report were not precluded from bringing art action against the firm.
The EITF reached a consensus that a manufacturer would not be precluded from recognizing a sale at the time the product is transferred to the dealer if all of the following conditions exist:
However, because of limitations in the law firm's professional liability insurance policy, an attorney serving as a director of one of the firm's clients was precluded from providing legal advice to such client.
31, 1998; (b) the status of negotiations with the company's lenders with respect to the restructuring of its lending arrangements; (c) the company being precluded from meeting the April 1, 1999 interest payment on the company's Convertible Subordinated Notes; and (d) the status of its European operations and its principal European borrowing arrangements.
The company was precluded from presenting important and relevant evidence.
Under the settlement, JENOPTIK is precluded from selling its TWIN line of products in the United States.
Research estimates that over 30 million consumers will be precluded from using cellular phones by the year 2000 due to impaired credit.
The split was designed to make LCA-Vision's common shares more acceptable to institutional and other investors precluded from investing in lower-priced stocks.
Under this program, people with tarnished credit will not longer be precluded from the American dream," he added.