Federal Deposit Insurance Corporation v. Crowe Horwath LLP

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION FEDERAL DEPOSIT INSURANCE ) CORPORATION, as Receiver for ) Valley Bank, ) ) Plaintiff, ) No. 17 CV 04384 ) v. ) Judge Edmond E. Chang ) CROWE HORWATH LLP, ) ) Defendant. ) MEMORANDUM OPINION AND ORDER Plaintiff Federal Deposit Insurance Corporation (FDIC-R), as receiver for Valley Bank (Valley), filed this lawsuit against Crowe Horwath LLP, alleging accounting malpractice, gross negligence, and negligent misrepresentation. 1 R. 1, Compl.2 The claims arise out of Valley’s loss of around $21 million, allegedly…