Judge Tosses Ex-BDO Seidman CEO's Defense Coverage Suit

Law360, New York (July 22, 2013, 7:38 PM EDT) -- A New York state judge on Friday rejected a bid by BDO Seidman LLP's former CEO to overturn an arbitration award ruling the accounting firm didn't have to pay his defense costs in his criminal tax evasion case, saying the decision was fair.

Judge Barbara R. Kapnick dismissed the case, saying that former BDO CEO Denis Field, indicted over a wide-ranging tax shelter scheme, had not shown that arbitrator Kenneth M. Kramer’s decision that BDO did not owe Field indemnification for the scheme was the result...
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