Court Blocks Dismissal Of Deloitte Suit

Law360, New York (May 24, 2007, 12:00 AM EDT) -- A federal judge refused to toss a suit against Deloitte & Touche USA LLP, claiming it neglected to investigate allegedly improper accounting by insiders of a Pennslyvania-based healthcare finance company that collapsed into bankruptcy.

Judge Sidney H. Stein batted down Deloitte’s request on Tuesday in the U.S. District Court for the Southern District of New York to dismiss the complaint brought by the trustee of DVI Inc., which filed for Chapter 11 in 2003 after defaulting on an interest payment and later filed a liquidation plan....
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