$300M Malpractice Suit Against Deloitte Lives On

Law360, New York (August 22, 2008, 12:00 AM EDT) -- A federal judge has refused to toss a $300 million suit against Deloitte & Touche USA LLP that accuses it of neglecting to investigate allegedly improper accounting by insiders of a health care finance company that spiraled into bankruptcy.

On Thursday, Judge Sidney H. Stein of the U.S. District Court for the Southern District of New York denied Deloitte's motion to dismiss the suit lodged by the trustee of DVI Inc., rejecting the accounting firm's contention that the case should be thrown out because the DVI...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.