Former BDO Seidman chairman Denis M. Field, who was acquitted last year following a prolonged legal battle in a major federal criminal tax shelter case, said Friday he has filed a motion to vacate an arbitration decision in favor of BDO Seidman because it was based on fraud by the firm.

In the motion, filed in New York State Supreme Court, Field alleged that the arbitration decision, which allowed BDO Seidman to avoid payment of Field’s legal fees over a period of more than six years, defrauded the arbitrator by failing to disclose material facts that would have affected the arbitrator’s decision. In addition to the fees he has already paid, Field claims he still owes more than $1 million in outstanding legal fees.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access