Crowe Horwath Tagged with Accounting Malpractice Claim by FDIC

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.

Indiana Court of Appeals Recognizes Exception to Economic-Loss Doctrine in Accounting Malpractice Actions

Alex Passo recently had an article published ABA Litigation Committee Professional Liability Section's monthly newsletter on the topic of whether the economic-loss doctrine applies to accounting malpractice actions.

Alex Passo and the Patterson Law Firm, LLC handle accounting malpractice actions throughout Illinois and Indiana.  Alex can be reached at (312) 750-1820 or apasso@pattersonlawfirm.com.