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Auditor Beats Malpractice Suit Over Disputed PE Firm Appraisal

By Pete Brush ( October 1, 2013, 2:15 PM EDT) -- A New York state appeals court on Tuesday affirmed dismissal of a malpractice suit brought by investors against Marcum & Kliegman LLP tied to a clean bill of health the auditor gave to a private equity firm, finding that the audit was released after redemptions to the plaintiffs' $13 million worth of money-losing outlays had already been frozen. ...

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