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Footnotes: Booz Allen Sues Deloitte; Your Taxes Must Rise; Defining Fraud | 06.24.14

Booz Allen sues Deloitte for stealing proprietary info to 'lift out' an entire team Two federal contracting heavyweights are embroiled in a lawsuit, with Booz Allen Hamilton Inc. accusing Deloitte Consulting LLP of using stolen proprietary information to recruit an entire team of employees and then target Booz Allen’s contracts and clients. [FedBiz via Washington Business Journal]

Improving Feedback: Create a Winning Team by Coaching Everyday Tips from a PwC big shot [LinkedIn]

Archivist: IRS didn't follow law with lost emails The U.S. Archivist told lawmakers on Tuesday that the IRS “did not follow the law” when it failed to report the lost Lois Lerner’s emails, which could have included official documents. During a House Oversight and Government Reform hearing David Ferriero stopped short of saying the tax-collecting agency “broke” the law, saying “I am not a lawyer.” [POLITICO]

35-year-old accounting firm joins national company Eide Bailly is acquiring Sample & Bailey [Coloradoan]

You're too stupid to realize your taxes are going up [Wonkblog via WaPo]

Supreme Court rules in Halliburton securities fraud case The Supreme Court took a modest step Monday toward making it harder for individuals to band together in class-action suits alleging securities fraud. Chief Justice John G. Roberts Jr. said that companies should be able to present evidence earlier in proposed class-action suits that fraud was not responsible for a drop in stock prices. Currently, corporations can present such evidence only at the merits stage of the litigation — but business groups say most litigation never reaches that stage, because it is cheaper for companies to settle the claims. [WaPo]

The skills you need to cut through complexity [CGMA]

When Politics Is Also Securities Fraud Quote Matt Levine: "My assumption is that any time politicians or political bodies describe their motivations, they are lying, and that the punishment for lying about your motives is that occasionally a columnist will complain about you. It's not a felony charge! It's particularly not a securities fraud charge." [BV]