Accounting Rule Targets Lawsuits by ProQuest

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[Patrick Finnegan] says investors aren't looking for companies to compromise legal proceedings. They simply want disclosures that give a clue to expected patterns and magnitudes of cash flows. "They'll have to come up with a very practical approach for how and when and the way disclosures are crafted here," he says. "There's definitely room for improvement in what is disclosed now."

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