Law360, Miami (October 3, 2013, 8:18 PM EDT) -- Deloitte & Touche LLP has settled three lawsuits in Florida state court seeking billions in damages from the auditing firm for failing to detect a massive criminal fraud carried out by executives of bankrupt Taylor Bean & Whitaker Mortgage Corp, attorneys in the cases confirmed Thursday.
Steven W. Thomas of Thomas Alexander & Forrester LLP, who is representing Taylor Bean bankruptcy trustee Neal F. Luria, confirmed the settlements on Thursday but said the details of the deal were confidential.
The deals avert a consolidated trial in two of the suits, filed by Luria and Deutsche Bank AG, that was set to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!