Professional Liability

Accounting Malpractice

LGWM has experience defending accountants against malpractice claims in both state and federal court.  As with other professionals, Accountants are correctly regarded as experts in their areas of practice, and therefore are held to a high standard of responsibility and accountability. Nevertheless, in the defense of such a claim the professional is entitled to prove that, in the performance of one’s duties, the Accountant acted in such a way that the prevailing and recognized standard of care was met.  Whether the claim stems from alleged negligence, ignorance, fraud, deceit or intentional conduct, LGWM has successfully defended professionals in such suits.

Cases of Note

  • Represented accounting firm in action brought by clients regarding a Federal Income Tax Assessment relating to a transfer of assets in connection with the sale of a business.
  • Represented accounting firm in action relating to an alleged failure to discovery fraudulent transactions in connection with the account firm’s financial statement reviews of the client’s various businesses.
  • Represented accounting firm in pre-suit matter regarding firm’s alleged failure to discover theft by an employee in connection with the firm’s auditing services.