“Bernie Madoff and Auditor Liability: Emerging Trends and Defenses,” DRI’s Riding the E&O Line
Knowledge

“Bernie Madoff and Auditor Liability: Emerging Trends and Defenses,” DRI’s Riding the E&O Line

March 27, 2012

Seth L. Laver, an associate in Goldberg Segalla’s Professional Liability Practice Group, authored this article for the newsletter of the Defense Research Institute’s Professional Liability Committee examining the aftermath of what is believed to be the largest Ponzi scheme in history, causing over tens of billions of dollars in losses to thousands of investors.

In the article, Seth examines the massive wave of litigation impacting numerous professionals, among them auditors and other accounting professionals, with the misfortune of having crossed paths with Bernard L. Madoff Investment Securities, LLC (BMIS).

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