$521M Negligence Verdict Against BDO Seidman Nixed

Law360, New York (June 23, 2010, 8:11 PM EDT) -- A Florida appellate court on Wednesday overturned a $521 million jury verdict against BDO Seidman LLP in a case where the Portuguese financial firm Banco Espirito Santo accused the accounting firm of failing to unearth a fraud that led to the collapse of a Florida financial services company.

Finding that the “trifurcation” of the trial into three phases in the Circuit Court for Miami-Dade County impermissibly allowed the jury to render a verdict on BDO Seidman’s liability for gross negligence two months before it considered related...
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