The Knowledge Group
The Knowledge Group

Thomas W. White, Partner, WilmerHale to Speak at KC’s 2011 FASB Topic 450 Statement on Loss Contingency Disclosures Demystified Live Webcast

New York, NY, July 15, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Thomas W. White, Partner, WilmerHale, will speak at the Knowledge Congress’ webcast entitled: “FASB Topic 450 Statement on Loss Contingency Disclosures Demystified LIVE Webcast.” This event is scheduled for August 29, 2011 from 12:00 - 2:00 PM ET.

For further details, please visit: http://knowledgecongress.org/event_2011_FASB_Topic450.html

Event Synopsis:

The Financial Accounting Standards Board (FASB) proposed amendments to ASC Topic 450—Contingencies (formerly known as Statement of Financial Accounting Standards No. 5) that would change the disclosures that companies are required to make regarding the potential financial impact of litigation.

The proposed change has caused many companies to re-examine how they develop litigation disclosures for their annual and quarterly filings. The proposal has engendered controversy and the FASB and SEC staff are now reviewing companies’ compliance with current standards before deciding whether to proceed with the proposed amendments.

Accounting and finance staff, consultants, and corporate lawyers need to understand the FASB’s and SEC’s staff’s current interpretive positions and how they can affect future disclosures.

The Knowledge Group has assembled a panel of key thought leaders and regulators to help financial/tax executives understand all the important issues with respect to this important topic. This live webcast is a must attend for all financial/tax executives who need to be in the know with respect to this prejudicial standard for all companies.

About Thomas W. White

Thomas White is a partner in the Corporate Practice Group of WilmerHale. He joined the firm in 1979. Mr. White has practiced corporate and bankruptcy law at the firm since 1983. He is one of the firm’s leading practitioners in the area of corporate governance, and also has extensive experience representing corporate and institutional clients in complex business transactions.

He has advised numerous Fortune 100, mid-cap, and small-cap companies and their boards and management on key issues under the Act, including internal control over financial reporting, attorney responsibility policies, director/officer loans, whistleblowers and auditor independence. He also advises clients and their boards and management on difficult corporate law, securities and accounting issues, and in conducting internal investigations. Mr. White focuses particularly on issues arising from the intersection of law and accounting.

About WilmerHale

Including more than 300 seasoned corporate transactional lawyers and business counselors, WilmerHale’s corporate practice serves public and private companies, investment banks, venture capitalists, families and individual entrepreneurs throughout the world. WilmeHale’s corporate lawyers are renowned for their work in initial public offerings, venture capital, private equity, mergers and acquisitions, strategic alliances, corporate governance matters and the representation of start-up companies. Its business lawyers draw on the resources of WilmerHale’s intellectual property, tax, labor and employment, employee benefits, real estate, bankruptcy, litigation and antitrust practices to provide a one-stop solution to its corporate clients.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format.

To contact or register to an event, please visit: www.knowledgecongress.org.

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