A Boston-based investment fund has received the go-ahead from a state court in Virginia to move ahead with a $51 million lawsuit against accounting firm Goodman & Co. LLP.
The Fairfax County Circuit Court of Virginia denied the second motion filed by Goodman to dismiss the lawsuit yesterday, meaning that the case will now move into discovery. The fund, Costa Brava Partnership III LP, has accused the Norfolk, Va.-based accounting firm of delivering an inaccurate audit opinion on the 2004 annual report of communications company of Ashburn, Va.’s Telos Corp.
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