Please ensure Javascript is enabled for purposes of website accessibility

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?  

Latest Accounting Jobs--Apply Now:

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 Global CEO Joe Ucuzoglu Just Mic Dropped EY’s Messy Split Drama

Joe Ucuzoglu, the former head of Deloitte US and current Deloitte Global CEO, has recorded a 20 minute video which was circulated to all firm leadership yesterday and then, just to be sure EY sees it to be as transparent as possible, had it published to the Deloitte website for all to see. In it, […]

an angry mob descending on Deloitte's Vancouver office

People Angry About an Elevator Are Angrily Marching to Deloitte’s Vancouver Office Today

Today, residents of the Portland Hotel in Vancouver are marching to Deloitte offices to speak to Varun Banthia, Policy Specialist at Deloitte Future of Canada Centre. The issue? Their nine-story dwelling does not have a working elevator and Banthia sits on the board of directors of the PHS Community Services Society, a charitable non-profit that […]