Yet increasingly, some have begun to (https://www.kennedyslaw.com/thought-leadership/article/the-controversial-restatement-of-the-law-of-liability-insurance) complain that the ALI's restatements
of certain laws - most notably in the area of liability and insurance - are inaccurate.
Instead, the court adopted the Restatement
rule found in the Restatement
(Second) of Torts.
In October 2014, the ALI converted the Principles project into a Restatement
project - a move that substantially magnified the project's significance and influence because the Restatements
of Law are generally regarded as clear formulations of common law and are often cited by courts and attorneys as support for their positions.
We draw bank restatement
data from the restatements
database of the Government Accountability Office (GAO), which includes 2,705 material firm restatements
issued from January 1, 1997, to June 30, 2006.
The project is authored by two law professors who hold ideological points of view that are out of the mainstream, and they're trying to advance their agenda through the Restatement
. This has been clear since the project began as a "Principles" project, which can be aspirational.
After the restatement
, share price of 2GO would have fallen by as much as 90 percent from P23.30 to P2.00 a share, assuming the stock would maintain the same P/E multiple.
should focus on the requirements of what he called "the
(Turner and Sennetti 2001) find that the probability of a restatement
is decreased when a quality audit is performed.
The content matters, of course, only inasmuch as courts adopt this Restatement
. They well might not.
In 1964, the American Law Institute adopted Restatement
(Second) of Torts [section]402A, which proposed that product sellers should be "strictly liable" for injuries from unreasonably dangerous products "even though the seller has exercised all possible care in the preparation and sale of the product."
Our study of financial restatements
spans 2000 to 2011 and provides the following: an analysis of financial restatement
issues frequencies, the peak of restatements
and the reason for it, special issues, industry concentration, fraud issues, and the Big 4 effect on restatements
BANKING AND CREDIT NEWS-May 11, 2015-Jack Henry reports Q3 2015 restatement
of financial statements