Deloitte Escapes $300M Malpractice Suit

Law360, New York (August 13, 2012, 4:28 PM EDT) -- A New York federal judge on Friday dismissed a long-running $300 million suit against Deloitte & Touche USA LLP accusing it of neglecting to investigate allegedly improper accounting by insiders of a health care finance company that spiraled into bankruptcy.

In a one-paragraph order, U.S. District Judge Sidney H. Stein granted Deloitte's motion for summary judgment after a pretrial conference Friday in the case lodged by the trustee of DVI Inc. He said he would expand on his reasoning in a forthcoming opinion.

In a statement...
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