3 ms·
Likely the financial (and social family) cost of "gross negligence" litigation would well exceed any measurable benefit. If the owner has a strong case, a priv
by bonsaitree 17y ago
Likely the financial (and social family) cost of "gross negligence" litigation would well exceed any measurable benefit. If the owner has a strong case, a private settlement for 30-50% damages is the most likely outcome.
Even in the unlikely event the accounting firm broke/abused their fiduciary duties AND a circuit/general court tort verdict was in this owner's favor, it would take years for the funds to work their way through the system.