Cast Art Industries, LLC v. KPMG LLP

Judge WEFING

(temporarily assigned) delivered the opinion of the Court.

Following a lengthy trial in this accounting malpractice action, a jury returned a verdict in plaintiffs’ favor and awarded damages totaling $31.8 million. Following post-trial motions and computation of pre-judgment interest, the trial court entered an amended final judgment against defendant for $38,096,902. Defendant appealed and plaintiffs cross-appealed from that judgment. In a published opinion, the Appellate Division upheld the verdict on liability but vacated the damage award and remanded for a new trial on damages.…