Grant Thornton Beats Funds' Malpractice Suit At 5th Circ.
Law360 (July 5, 2018, 3:09 PM EDT) -- Grant Thornton LLP won’t have to face malpractice claims from several Louisiana pension funds after the Fifth Circuit ruled that the funds should have first submitted the claims to an accountant review panel and that the deadline for them to do so had already passed.
The three-judge panel said in its published opinion Tuesday that Grant Thornton hadn’t waived its right to have the Firefighters’ Retirement System, Municipal Employees’ Retirement System of Louisiana and New Orleans Firefighters’ Pension & Relief Fund take their malpractice claims before an accountant review panel prior to filing their lawsuit accusing the accounting company of causing...
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