Opinion ID: 1443085
Heading Depth: 1
Heading Rank: 3

Heading: Supplemental Expert Report Filed

Text: On January 13, 2005, two days before the due date for the report of PwC's accounting expert, and more than two months after the appellants' expert had submitted the November Report, the appellants' counsel sent to counsel for PwC via electronic mail a supplemental report (the Supplemental Report), consisting of a letter from Goldstein to the appellants' counsel. Goldstein maintained that the supplementation was necessary because he had not reviewed, until after the submission of his November Report, the deposition testimony of James G. Reynolds, given on behalf of Lason on March 11 and 12, 2004, concerning the investigation that had been conducted by a Special Committee of Lason's Board. In his Supplemental Report, Goldstein asserted for the first time that the Lason Board's Special Committee had concluded that Lason's 1997 financial statements had overstated income by approximately $5.58 million. Goldstein based this assertion on Reynolds' March 2004 deposition testimony in the Carello matter.