Professional Malpractice Cases

$1.3 million recovered in action for accounting malpractice where a “Big 4” accounting firm ignored management’s wrongful failure to report losses on uncollectable debts, causing assets to be inflated on the company’s balance sheet, and preventing directors from becoming aware of the company’s growing insolvency and management’s intentional misconduct

$825,000 recovered in a professional malpractice claim where the tax department of a national accounting firm promoted an abusive tax shelter and presented an opinion that the shelter was legitimate and would more likely than not survive challenge from the IRS, when in fact the accounting firm should have known otherwise