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BDO International Escapes Liability for Mistakes of Member Firm



by Thomas R. Manisero
Wilson Elser Moskowitz Edelman & Dicker LLP - New York Office

William J. Kelly
Wilson Elser Moskowitz Edelman & Dicker LLP - White Plains Office

H. Steven Vogel
Wilson Elser Moskowitz Edelman & Dicker LLP - Miami Office

July 8, 2009

Previously published on June 2009

In a case closely watched by the accounting profession, a jury took only one hour to render a verdict in favor of BDO International (now known as BDO Global Coordination B.V.), saving that company, the umbrella organization of the BDO network, from huge vicarious liability for the acts of one of its member firms, BDO Seidman.


 

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