2nd Circ. Frees Deloitte From $300M Malpractice Suit

Law360, New York (October 16, 2013, 4:07 PM EDT) -- The Second Circuit on Wednesday affirmed the dismissal of a long-running $300 million suit accusing Deloitte & Touche USA LLP of neglecting to investigate allegedly improper accounting by insiders of a health care finance company that spiraled into bankruptcy.

A three-judge panel for the appeals court also affirmed U.S. District Judge Sidney H. Stein's decision to exclude expert testimony in the case lodged by Dennis J. Buckley, the trustee of DVI Inc., calling it “unduly speculative.” Absent the expert testimony, there was insufficient evidence to conclude...
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