Goodwill Impairment: Liability Depends on Delay of Disclosures

Business Valuation UpdateVol. 18 No. 8
Legal and Court Case Update
August 2012

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3433 Heating Equipment, Except Electric and Warm Air Furnaces
333414 Heating Equipment (except Warm Air Furnaces) Manufacturing
securities litigation
Brasher v. Broadwind Energy, Inc.
2012 U.S. Dist. App. LEXIS 55194
April 19, 2012
US
Federal Court
Illinois
United States District Court
unnamed
Zagel

Summary

Federal district court denies motion to dismiss securities claims, finding sufficient allegations that defendant company and CEO delayed timing of impairment charges to overstate value prior to a public offering.

See Also

Brasher v. Broadwind Energy, Inc.

Full Text of Court Cases
April 19, 2012

Federal district court denies motion to dismiss securities claims, finding sufficient allegations that defendant company and CEO delayed timing of impairment charges to overstate value prior to a public offering.