41 More Top Legal Execs Join Attack on FASB Proposal
Forty-one more corporate legal officers on Monday added their names to a letter objecting to proposed rules requiring more disclosure about their companies' financial loss contingencies. Many general counsel say the proposed rules would force companies to reveal critical information about their potential liabilities, legal strategies and insurance coverage. The Association of Corporate Counsel filed the initial letter, with 110 signatures, last month with the Financial Accounting Standards Board.
