Wednesday, April 19, 2017 10:56:23 AM
I hope they can find a better "expert" than Berman did or they'll be coming up well over $3M short.
These people all deserve each other. In the two years ended March 31, 2014 almost $5 million in assets that management (the Plaintiff) felt should be capitalized and whose auditors (the Defendants) agreed were accounted for properly were declared to be impaired.
They were both obviously very wrong.
It will be interesting to see how the TAUG expert enumerates $4 million worth of bad ideas that Seth Shaw didn't get to have because neither this company's Board nor the Public Accounting firm they chose to hire could count to five (5).
I was given that information....I don't know.
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