In this case, Adelphia sued our client Deloitte for malpractice and professional negligence in connection with its auditing work for Adelphia. Adelphia and its experts claimed that Adelphia’s damages ranged from $3.27 billion to $3.64 billion. Daniel R. Fischel of Compass Lexecon issued a report demonstrating that plaintiff’s analysis was fundamentally flawed and did not establish that Deloitte caused Adelphia any economic harm. After depositions, the case settled for a small fraction of the amount claimed. We worked with Bud Shulman, Katherine Forrest, Stuart Gold, and others from Cravath, Swaine & Moore LLP who successfully represented Deloitte.
- Securities & Financial Markets
- Daniel R. Fischel
- Michael A. Keable