Deloitte Escapes $300M Malpractice Suit

Law360, New York (August 13, 2012, 4:28 PM EDT) -- A New York federal judge on Friday dismissed a long-running $300 million suit against Deloitte & Touche USA LLP accusing it of neglecting to investigate allegedly improper accounting by insiders of a health care finance company that spiraled into bankruptcy.

In a one-paragraph order, U.S. District Judge Sidney H. Stein granted Deloitte's motion for summary judgment after a pretrial conference Friday in the case lodged by the trustee of DVI Inc. He said he would expand on his reasoning in a forthcoming opinion.

In a statement...
To view the full article, register now.




Case Information

Case Title

Buckley v. Deloitte & Touche U.S.A. L.L.P. et al

Case Number



New York Southern

Nature of Suit

Contract: Other


Sidney H. Stein

Date Filed

April 28, 2006

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.