Adelphia Communications Corp. v. Deloitte & Touche LLP

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.