How Should Accountants Respond To Subpoenas (Video)

Access to capital in the cannabis industry is increasingly driven by financial credibility, not just market opportunity or growth potential.

In this episode of On Just Terms, partners Jason Betts and Melissa Gladstone are joined by Professor Vince Morabito, one of Australia's leading empirical researchers on class actions.

The SEC has established a new Financial Reporting and Accounting Unit within its Division of Enforcement, consolidating nationwide resources to investigate public company accounting and financial reporting issues. This organizational shift signals heightened scrutiny of complex accounting matters, non-GAAP measures, and disclosure practices.

The US National Association of Insurance Commissioners' Statutory Accounting Principles Working Group convened in August 2026 to address critical reforms to the Interest Maintenance Reserve framework...

Finance teams face critical implementation challenges as new GAAP amendments take effect for 2026, requiring immediate attention to accounting policies, documentation standards, and system readiness. Are your financial reporting processes prepared to handle expanded disclosure requirements, CECL practical expedients, and internal-use software accounting changes before year-end audit fieldwork begins?

A mid-sized manufacturing company facing financial turmoil after a private equity acquisition found itself struggling with employee turnover, delayed accounting, and unreliable financial reporting. When traditional support failed to deliver the hands-on assistance needed, a specialized advisory team stepped in to restore financial clarity and guide the business from crisis to profitability.

The SEC has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement to investigate accounting fraud, financial reporting misconduct, and failures by auditing professionals. Led by experienced enforcement personnel, this unit signals intensified scrutiny of public company financial statements, audit quality, and gatekeeper accountability across high-risk accounting areas.

Organizations preparing to scale through hiring, market expansion, or capital investments must establish strong financial controls and tax processes to support sustainable growth. This comprehensive checklist outlines critical steps to strengthen payroll infrastructure, map multi-state tax exposure, align capital expenditures with tax strategy, enhance internal controls, and integrate proactive tax planning into growth initiatives.

On August 18, 2026, the Financial Accounting Standards Board (“FASB”) issued a proposed accounting standards update (“ASU”) titled Statement of Cash Flows (Topic 230): Cash Equivalents—Disclosure Enhancement and Evaluation of Certain Digital Assets. The proposed ASU seeks to clarify whether certain digital assets meet the definition of “cash equivalents” on the balance sheet, and to increase the transparency of the significant components of “cash equivalents.”

The SEC establishes a specialized Financial Reporting and Accounting Unit within its Division of Enforcement to pursue accounting fraud and misconduct cases.

A federal court applies the century-old Robins Dry Dock rule to dismiss and narrow claims arising from the Baltimore bridge collapse, reinforcing limitations on recovering purely economic losses in maritime law. The decision examines which parties can seek damages when infrastructure failures disrupt commerce and cause financial harm without direct physical injury to property.

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A defendant’s ability to obtain a psychological examination of a personal injury plaintiff alleging a psychological injury has been under attack in Nevada since 2018. Nevada’s Supreme Court has now decided the latest battle, Davis v. Dist. Ct., 142 Adv. Op. 58 (2026).

Although being challenged by an injunction filed on August 20, 2026, by a coalition of 17 states, California’s SB 54 Plastic Pollution Prevention and Packaging Producer Responsibility Act is now in effect, and companies that sell, distribute, import, or ship packaged products into California should be evaluating whether they have compliance obligations.

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The Best Lawyers in America® Lawyer of the Year™ list honors individual lawyers with the highest overall peer feedback for a specific practice area and geographic region. Only one lawyer is recognized as the “Lawyer of the Year” for each specialty and location.

In 2021, the New Jersey Supreme Court adopted the "ongoing storm rule" in Pareja v. Princeton International Properties, holding that commercial landowners have no duty to clear snow and ice until a reasonable time after a storm ends—unless "unusual circumstances" exist.

Removal decisions sit at the intersection of legal strategy, claim handling, and early case assessment. In Enbridge Energy, LP v. Nessel, the Supreme Court gave defense teams a straightforward reminder: the 30-day deadline for removing a civil action to federal court under 28 U.S.C. § 1446(b)(1) is mandatory and cannot be equitably tolled.