Securities Fraud Action Against Accounting Firm

In Dronsejko v. Grant Thornton, No. 09-4222, a securities fraud class action against an accounting firm claiming improper revenue recognition that materially overstated a corporation’s revenues and earnings, the court affirmed the district court’s denial of plaintiffs’ Rule 60(b) motion where the complaint failed to give rise to a cogent and compelling inference that defendant’s actions constituted an extreme departure from the standards of ordinary care, or that no reasonable accountant would have made the same decisions if confronted with the same facts.

 

Related Resources

  • Read the Tenth Circuit’s Decision in Dronsejko v. Grant Thornton, No. 09-4222

You Don’t Have To Solve This on Your Own – Get a Lawyer’s Help

Civil Rights

Block on Trump’s Asylum Ban Upheld by Supreme Court

Criminal

Judges Can Release Secret Grand Jury Records

Politicians Can’t Block Voters on Facebook, Court Rules