Auditors Dodge $200M Mirabilis Malpractice Suit

Law360, New York (August 23, 2011, 7:16 PM EDT) -- A Florida federal judge on Monday accepted the voluntary dismissal of a $200 million accounting malpractice lawsuit brought by the trustee overseeing the liquidation of Mirabilis Ventures Inc. less than a month after ruling that the claim could not be allowed.

The trustee, R.W. Cuthill, agreed to drop his claims against Rachlin Cohen & Holtz LLP and its senior partner Laurie S. Holtz, after U.S. District Judge Gregory A. Presnell ruled in late July that the trustee could not pursue the $200 million claim against the...
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