Ethics

Deloitte Is Protected in "Insolvency" Ruling
A Pennsylvania judge says that a firm that improperly keeps a company out of bankruptcy may not be liable, unless it is negligent in other ways, too.

A recent Pennsylvania Court ruling favoring Deloitte & Touche seems to restrict a company's ability to win a case against an accountantcy for actions that lead to the company's "deepening insolvency," unless the accountant is negligent in other ways as well. continue