The FDIC has recently filed an accounting malpractice suit against Crowe Horwath in the Northern District of Illinois. The FDIC is suing Crowe as a result of its alleged malpractice in auditing the financial statements of a failed bank that the FDIC took over and later shuttered. Crowe was retained to audit the failed bank’s financial statements; but, failed to discover, and later failed to disclose, that its CEO had developed a scheme to hide its deteriorating financial condition.

Alex Passo and the Patterson Law Firm, LLC handle accounting malpractice actions throughout Illinois and Indiana. If you have an accounting malpractice case that you would like to discuss with Alex, you can reach him at (312) 750-1820 or apasso@pattersonlawfirm.com.