Many people in California do not feel comfortable handling their own accounting. They may opt to use an accountant who can assume the responsibility of ensuring that their taxes and other financial matters are in good standing. However, if the accountant does not...
Professional Malpractice
Understanding professional malpractice and filing a claim
When Californians hear the term "malpractice," they will automatically think of a medical mistake that leads to illness or injury to themselves or death of a loved one. However, malpractice is not limited to medical professionals. If other professionals who agree to...
Depp professional malpractice trial set to begin on Dec. 2
A California judge has agreed to delay the trial that will decide Johnny Depp's $50 million malpractice lawsuit against his former attorneys until Dec. 2. The trial date had already been postponed several times when attorneys representing the actor and his former law...
What to do when accountants engage in negligent behavior
Business owners in California and throughout the country may hire accountants to keep track of their finances. Individuals who have large estates or many assets to manage may do the same. Ideally, an accountant will make sure that an individual pays taxes on time and...
Negligence or misrepresentation could be accounting malpractice
Individuals and businesses in California often rely on accountants to track financial activity and prepare financial statements and tax returns. Accounting mistakes have the potential to get clients in financial or even legal trouble. Professional malpractice may...
Malpractice complaint demands $100 million
A $100 million legal malpractice lawsuit has been filed claiming a conflict of interest as a law firm allegedly represented both the lenders and the borrower during a legal action related to promissory notes. The plaintiff company in the case claims the law firm...
Former CEO faces accounting fraud charges
Businesses and individuals in California and around the country rely on professionals such as attorneys, accountants and brokers to manage their affairs, and both professionals and their employers can face severe penalties when documents required by state or federal...
NBA star sues accountant for enabling theft of $77 million
The salaries of professional basketball players naturally impress sports fans in California, but the federal lawsuit filed by Kevin Garnett illustrates the risks that wealthy individuals take when they entrust others with their millions. Garnett, now retired from a...
The value of professional malpractice claims have spiked
California patients and health care professionals may be interested to learn that malpractice claims have increased in recent years. Growth trends have been attributed to insufficient protections against conflicts of interest as well as an increase in people electing...
Taking steps in the aftermath of accounting malpractice
California business owners often turn to an accountant to help manage their finances. Hiring such a professional can reduce the odds of paying too much in tax or being accused of breaking the law. However, it is possible that an accountant will engage in malpractice...