DOUGLAS COE v. PROSKAUER ROSE LLP

314 Ga. 519

FINAL COPY S21G1250. COE et al. v. PROSKAUER ROSE, LLP. MCMILLIAN, Justice. In 2002, Douglas Coe, Jacqueline Coe, and GFLIRB, LLC (collectively the “Coes”) were involved in the sale of a company in which they held a substantial interest, and their accountants, BDO Seidman, LLP (“BDO”),1 advised them of a proposed tax strategy in which the Coes could invest in distressed debt from a foreign company in order to offset their tax obligations. In connection with the proposed tax strategy, BDO advised the Coes to obtain a legal opinion from an independent law firm, Proskauer Rose LLP…