Grant Thornton Denied Keystone Costs In 4th Circ.

Law360, Washington (June 15, 2011, 6:22 PM EDT) -- The Fourth Circuit ruled Wednesday that Grant Thornton LLP did not deserve $70,000 in costs the accounting giant sought in connection with its 2008 win in a suit accusing it of failing to warn First National Bank of Keystone's former president about a near collapse.

In 2008, the appeals court ruled that Grant Thornton was not liable for the lost earnings of former Keystone President Gary Ellis, who claimed he relied on the accounting firm's audit report in accepting the job just months before the bank...
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