5th Circ. Affirms Toss Of Funds' EisnerAmper Auditing Suit

Law360 (August 3, 2018, 9:58 PM EDT) -- The Fifth Circuit on Thursday affirmed a trial court’s dismissal of several Louisiana pension funds’ allegations that accounting firm EisnerAmper LLP’s failure to audit an investment fund cost them $100 million, ruling the funds should have first submitted the claims to Louisiana’s accountant review panel.

In an 11-page published opinion, a three-judge panel affirmed U.S. District Judge Shelly Deckert Dick’s ruling dismissing claims brought by Firefighters’ Retirement System, Municipal Employees’ Retirement System of Louisiana and New Orleans Firefighters’ Pension & Relief Fund over their $100 million investment in Fletcher Asset Management’s now defunct FIA Leveraged Fund. The funds contend that EisnerAmper...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Appellate - 5th Circuit

Nature of Suit

4190 Other Contract Actions

Date Filed

April 11, 2017

Law Firms