As previously discussed here, in June 2009, BDO International received a favorable jury verdict that cleared it from responsibility for part of a $521.7 million verdict against BDO Seidman LLP concerning allegedly negligent audits. BDO International’s victory, however, did nothing to erase the fact that BDO Seidman was still on the hook for the $521.7 million verdict. Last week, however, BDO Seidman finally got its chance to be heard in an appeal of that verdict in the Florida 3rd District Court of Appeal in Miami.
Full details are available in this post on my Enforcement Action blog over at Compliance Week.
