Murphy v. BDO Seidman, LLP

Opinion

RUBIN, J.

INTRODUCTION

Appellant Michael Murphy and literally scores of others appeal from the trial court’s judgment dismissing their corrected fifth amended complaint for failing to state a cause of action. Although the complaint is long, with numerous allegations, dozens of paragraphs, and more than 100 plaintiffs, the gist of the complaint is the following: Accountants BDO Seidman, LLP, and Logan, Throop & Company intentionally or negligently overstated their client’s assets in financial statements they prepared. Appellants relied on those financial statements when they invested in…