High Court Silence Speaks Volumes
Without comment, the Supreme Court denied review. Justice Samuel Alito did not participate in the deliberation. The refusal effectively means the securities fraud case will proceed, a move that could have ripple effects throughout the auditing industry as firms reevaluate how they communicate compliance to investors.
Neither BDO nor the investors’ attorneys immediately responded to requests for comment Monday.
Legal Teams
BDO is represented by Paul Hughes, Andrew Lyonsberg, Emmett Witkovsky-Eldred, Timothy Hoeffner, and Jason Gerstein of McDermott Will & Emery LLP.
The investors are represented by Samuel Rudman, Andrew Love, David Rosenfeld, Mark Millkey, William Geddish, and Robert Gerson of Robbins Geller Rudman & Dowd LLP, Jeremy Lieberman of Pomerantz LLP, Thomas McKenna of Gainey McKenna & Egleston, and Kim Miller of Kahn Swick & Foti LLC.
