Question: Using the Litigation column ( column U ) , compute the percentage of restatements that result in the filing of a lawsuit ( indicated by

Using the Litigation column

(

column U

),

compute the percentage of restatements that result in the filing of a lawsuit

(

indicated by an

in the column

) .

What is the overall percentage over this period? What factors do you believe increase the likelihood that a lawsuit is filed following the announcement of a restatement? Are lawsuits more likely for fraud

-

related restatements as compared to non

-

fraud

-

related restatements?

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