BDO LOSES MIAMI AUDIT CASE

MIAMI - BDO Seidman was ordered to pay $170 million in compensation and $350 million in punitive damages by a Florida jury that blamed the firm for negligence in failing to uncover fraud in its audits of financial services company E.S. Bankest LLC, which went bankrupt and left one of its backers, the Portuguese bank Banco Espirito Santo, with massive losses.

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