Cases - Joe Kingma and Billy Newcomb Won Summary Judgment for Top 100 Accounting Firm

Joe Kingma and Billy Newcomb Won Summary Judgment for Top 100 Accounting Firm

Resolution Date
04/12/2017

Practice Areas
Accounting Malpractice Defense
Commercial Litigation

Description

Joe Kingma and Billy Newcomb won summary judgment for a top 100 accounting firm and one of its CPAs against malpractice claims brought in a Florida court by a publicly traded company.  The Plaintiff alleged that the accounting firm negligently failed to detect and report an internal fraud which the Plaintiff claimed cost it over $10 million.  Six other defendants, including a top 10 accounting firm, settled with the Plaintiff just after suit was filed, leaving CCS’ clients as the sole defendants.  As part of their aggressive litigation plan to obtain an early favorable resolution for their clients, Billy and Joe filed a motion for summary judgment with their answer to the complaint.  At an early court-ordered mediation, the Plaintiff, perhaps a little too confident in its home court advantage, refused to lower its demand under $5 million.  Immediately after the mediation failed, the trial court granted summary judgment to CCS’ clients and dismissed all of the Plaintiff’s claims against them with prejudice.

Attorneys Involved
William D. Newcomb
Johannes S. Kingma

CCS Office
Atlanta