stock to watch today and tomorrow, page-13

Yep and that's why this is a civil suit. There's no criminal case ergo the best they can argue is incompetence by the previous CEO. An argument over the treatment over of a single accounting entry does not constitute incompetence and noone foresaw the collapse of the capital markets.

Unlikely that Maurice Blackburn/IMF will get a case of the ground. This is sort of comercial sabre rattling is used as advertising by the ambulance chasers. Witness the shameless exploitation of Hooks' widow when everyone with a brain knew that the bouncer was innocent.