In addition to practicing in such areas of insurance/reinsurance coverage disputes, shareholder derivative actions, ERISA disputes, professional negligence defense,
accountant's liability actions, catastrophic personal injury defense and complex construction disputes, Ragsdale Liggett also maintains a well respected lobbying government relations and mediation groups and practices equine law as well.
The
Accountant's Liability," sponsored by The CPA Journal.
In that case, the state high court held that an
accountant's liability for general negligence in conducting an audit of its client's financial statements is confined to the client.
The
accountant's liability to nonclients is not restricted unless the writing requirements are met.
Alternatively, in states that have eliminated joint liability for economic damages if the accountant's fault is below a minimum level, the
accountant's liability is uncertain.
This list is adapted from the
Accountant's Liability Newsletter, Second Quarter 1994 ([C] 1994, Aon Insurance Services, Trevose, Pennsylvania.
In addition to practicing in such areas of insurance/ reinsurance coverage disputes, shareholder derivative actions, ERISA disputes, professional negligence defense,
accountant's liability actions, catastrophic personal injury defense and complex construction disputes, Ragsdale Liggett also maintains a well respected lobbying government relations and mediation groups.
He is a frequent lecturer and author on the subject of accountant's professional liability and is the editor of The CPA Journal's
Accountant's Liability column.
Courts were often willing to expand the
accountant's liability beyond the primary beneficiary (client) rule of a firm's services established in the landmark decision, Ultramares Corp.
In adopting a middle ground, an
accountant's liability was limited to parties that the accountant intended to rely on his or her report or to parties an accountant knew the client intended to influence with his or her report.
