Grant Thornton, LLP v. FDIC

Summarized by Elizabeth Gunn , United States Bankruptcy Court, District of Columbia
14 years 8 months ago

Citation:

Case No. 10-1306 and 10-1379 (UNPUBLISHED, June 17, 2011)

Tag(s):

4th Circuit

Ruling:

The Fourth Circuit affirmed the judgment of the district court as to all issues except the calculation of settlement credit for which it remanded for further proceedings. The Court specifically stated that the results of the case were "driven by its unique facts" and "[a]ccordingly, it should be well understood [that the Court did] not announce any new rule of auditor liability and none should be implied."

Procedural context:

Appeal from judgment of the District Court for professional malpractice based upon audit performed of a defunct bank.

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