BDO Seidman Faces $170M Suit Over Bankest Bust

Law360 (February 23, 2006, 12:00 AM EST) -- International accounting firm BDO Seidman and two of its CPA partners have been sued for malpractice by a federal court-appointed officer, who is seeking $170 million in damages on charges of unfair business practices and securities fraud.

The suit, filed in the U.S. Bankruptcy Court for the Southern District of Florida, is the second to be filed against BDO in the wake of the high-profile E.S. Bankest debacle, one of the largest bank and corporate fraud cases ever prosecuted in South Florida.

Lewis B. Freeman, the...
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