Legal Opinion
KPMG LLP v. Cocchi
District Court of Appeal of Florida
Decided December 22, 2010No. Nos. 4D09-4867, 4D10-988PublishedCited by 5 opinions
1Opinion of the CourtWarner, J.
KPMG appeals two non-final appealable orders. Although filed as separate appeals, we consolidate them for purposes of this opinion. The plaintiffs have filed suit against KPMG and others for damages as a result of losses of their investment in several partnerships. KPMG audited financial statements of partnerships in which the plaintiffs invested. Although the plaintiffs assert multiple causes of action against KPMG, the plaintiffs essentially claim that KPMG failed to use proper auditing standards, and that they relied on KPMG’s auditing statements to their detriment. In the first order, the…
2Cases cited8 opinions
- Tooley v. Donaldson, Lufkin, & Jenrette, Inc.Supreme Court of Delaware · 2004
- Kinney System, Inc. v. Continental Ins. Co.Supreme Court of Florida · 1996
- Anglo American Security Fund, L.P. v. S.R. Global International Fund, L.P.Court of Chancery of Delaware · 2003
- Ciba-Geigy Ltd. v. Fish Peddler, Inc.District Court of Appeal of Florida · 1997
- Newman v. Family Management Corp.District Court, S.D. New York · 2010
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3Cited by5 opinions
- Kpmg LLP v. CocchiSupreme Court of the United States · 2011
- Askenazy v. KPMG LLPMassachusetts Appeals Court · 2013
- KPMG LLP v. CocchiDistrict Court of Appeal of Florida · 2012
- DANIEL S. NEWMAN, etc. v. ERNST & YOUNG, LLPDistrict Court of Appeal of Florida · 2017
- DANIEL S. NEWMAN, etc. v. ERNST & YOUNG, LLPDistrict Court of Appeal of Florida · 2017