September 24, 2020

Deloitte Satisfied with Size of Check It’ll Cut to Settle Taylor Bean & Whitaker Lawsuit

The Green Dot blinks:

I've confirmed Francine's account with Mr. Thomas. Deloitte has not responded to our email requesting for comment.

I spoke to Steven Thomas a few weeks ago about the trial that was supposed to start this month and he sounded confident about his chances. The settlement seems to suggest that his case against Deloitte was even stronger than he thought. 

Deloitte was accused of malpractice and fraud for their audits of TBW but now that the case is settled the details won't come out at trial which is a shame not only because I was looking forward to spending part of my fall in Miami, but because there was a lot at stake in this case. Billions, to be precise. It appears Deloitte wasn't about to risk a crushing loss and being found liable for fraud despite the fact that the firm had publicly stated that the case had no merit and "[defied] common sense not to mention the law." 

But hey! If throwing money at a problem, even those problems that defy logic and legal precedent, is the way to go, then who am I to judge?  

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

Deloitte Consulting Is Irresponsible, Lacks Integrity, and Is Unreliable, Says Accenture

[The Florida Agency for Health Care Administration] “ignored information that, by its nature, would be expected to have a strong bearing on whether the intended awardee is ‘responsible,’ that is, whether it has the capability in all respects to fully perform the contract requirements and the integrity and reliability that will assure good faith performance.” […]