Accountant Malpractice 600,000 Settlement

Bland Richter settled a litigation matter on behalf of clients who were misled by their accountant regarding personal income tax advice. The accountant had died prior to the discovery of the claim. The client was the principal of a large corporation which had sold one of its divisions for many tens of millions of dollars. The Defendant accountant thereafter misled the client regarding the use of “tax shelters” and other tax avoidance devices to lessen the client’s liability on disbursements from the division sale. Through Bland Richter, the claim was ultimately settled for $600,000, which was paid by the decedent’s estate and his former employer.