BAA, PLC v. Acacia Mutual Life Ins. Co.

The principal issue in this case is whether Maryland’s statutory accountant-client privilege 1 recognizes an exception for fraud in an action under the Maryland Uniform Fraudulent Conveyance Act. 2 The case also presents the issues of whether the accountant-client privilege was waived and whether goodwill may be considered an asset in assessing an entity’s solvency under the Maryland Uniform Fraudulent Conveyance Act.

BAA, pic (“BAA”) and World Duty Free, pic (“World” or, collectively, “BAA”), petitioners and cross-respondents, argue that no such fraud exception to the accountant-client…