Trustee Suspects W.R. Grace Accountant Of Fraud

Law360, New York (August 27, 2007, 12:00 AM EDT) -- Bankruptcy court officials on Friday revealed that accounting firm L. Tersigni Consulting PC and its former owner Loreto Tersigni, will be under investigation for allegedly padding bills while advising claimants in the Chapter 11 case of W.R. Grace & Co. and other billion dollar asbestos-related bankruptcies.

U.S. Trustee Kelly Beaudin Stapleton asked the U.S. District Court for the District of Delaware on Friday to appoint an examiner to review the invoices filed by LTC.

Stapleton said that a preliminary investigation of LTC's billing practices in the...
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