Shea Quoted on Lease Accounting Reform

Foley Associate Timothy Shea was quoted in an article titled “Hints That Lease Accounting Reform Will Hurt” in the July 28, 2009 issue of Compliance Week. Shea discusses the Financial Accounting Standards Board’s plans to develop new standards for lease accounting, stating that the potential changes could have a significant effect on companies that are entering into or contemplating new lease agreements, and would also likely affect corporate balance sheets as well.