Levine, a member, has had two lawsuits filed against him. The first suit by the management of Maroon Mfg. alleges that due to faulty auditing procedures Maroon's financial statements for 20X3 were materially overstated. The second suit by Pink & Co. is for the amount of interest and penalties that the company paid the IRS and state authorities for being late in filing income tax returns. The amount being claimed in this second suit is not material to Levine. Which one of the following statements is correct as to the effect of the lawsuits on Levine's independence with these clients? Both lawsuits impair Levine's independence with these clients. The lawsuit by the management of Maroon Mfg. impairs Levine's independence but the lawsuit by Pink & Co. does not. The lawsuit by the management of Maroon Mfg. does not impair Levine's independence but the lawsuit by Pink & Co. does. Neither lawsuit impairs Levine's independence with these clients