BDO case put on ice as lawyers clash
BDO International will have to wait until the New Year to find out if it must stump up cash to help BDO Seidman pay $521m in damages if the US firm's appeal fails
The hearing to decide whether BDO International should be dragged back into a
$521m (£348.8m) negligence battle has been shelved after lawyers presented a
deluge of new motions at a pre-trial hearing.
The case was set to start on Monday, but it has now been pushed back until 16
BDO Seidman is appealing after being ordered to pay $521m of damages to Banco
Espirito Santo for an alleged negligent audits of its factoring division
Bankest’s lawyers have argued that BDO International controls BDO Seidman,
but the umbrella body has said that BDO Seidman acts independently.