Dominic Auld, a securities lawyer with New York-based Labaton Sucharow LLP, who isn't involved in the cases, said investors may be quick to review accounting when they hear about improprieties in the financial industry.
"Following this crisis, a lot of populist rage was directed at the banking and finance industries and it's a fair generalization to say that accounting is tied inexorably to those industries," Auld said today in an interview. Investors "may be looking for people to blame."
