NY Appeals Court Tosses Zuckerman's BDO Seidman Suit

Law360, New York (June 9, 2011, 5:58 PM EDT) -- A New York state appeals court ruled Thursday that accounting firm BDO Seidman LLP has no place in real estate and media mogul Mortimer Zuckerman's lawsuit over $40 million he and his charity lost in two Bernard Madoff feeder funds.

"The complaint fails to plead a factual basis for inferring that BDO Seidman did anything more than perform the routine business of auditing," the unanimous five-justice panel wrote.

"Where, as here, direct contact between the accountant and the plaintiff is minimal or nonexistent, the plaintiff cannot...
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