BDO Intl. Off The Hook For US Unit's Negligence

Law360, New York (June 18, 2009, 12:00 AM EDT) -- International accounting network BDO International does not control U.S. branch BDO Seidman LLP and is therefore not responsible for part of a $170 million verdict over negligent audits, a Florida jury reportedly decided Thursday.

Concluding a civil trial in Miami-Dade County Court, a jury found that BDO Seidman was not an agent of BDO International, clearing the Brussels-based auditing network from contributing to damages assessed against the Chicago-based BDO Seidman in 2007.

The damages were based on BDO International's alleged failure to unearth a fraud that...
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