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Medica, LLC

Professional Negligence Disputes

Contact Us (216) 357-2646

Companies and individuals rely more and more on the advice of professionals. The complexity of operating in a global business environment requires the guidance of highly experienced attorneys and accountants. As the services offered by these professionals have increased, so have the claims for professional negligence. We have recently provided the following services to our clients:

  • Engaged as accounting expert for defendant in professional negligence matter against accounting firm and Certified Public Accountant. Analyzed financial statements and related opinions, work papers, deposition testimony, and professional standards. Consulted with defendant regarding findings on claim of professional negligence.

  • Retained as forensic accounting expert by defendant in legal malpractice case alleging over $2 million theft of estate assets and other self-dealings. Performed extensive document review and analysis, and reconstructed investment and cash activity for 5 years. Issued expert report of findings in Court of Common Pleas, Cuyahoga County, Ohio.

  • Served as arbitrator in matter involving investor claims brought against securities dealer for inadequate supervision of securities broker and recommending unsuitable investments resulting in investment losses.

  • Engaged by legal counsel of defendant accounting firm to assist in regulatory inquiry related to standard of care and claimed deficiencies related to pension plan audit performed by accounting firm.

  • Retained by defendant in case involving legal malpractice and breach of fiduciary duty. Evaluated, analyzed and rebutted alleged damages and underlying assumptions asserted by plaintiff.

  • Engaged by hospitality industry wash ware entrepreneur in legal malpractice matter involving negligence in drafting purchase and sale agreement, and related advice. Quantified loss of earn-out to entrepreneur associated with faulty purchase and sale agreement.

  • Served as arbitrator in matter involving investor claims against securities dealer alleging breach of fiduciary duties and failure to adequately supervise its registered representative resulting in purchases of unsuitable investments and related losses.

  • Engaged by defendant to analyze claimed deficient tax compliance work performed by accounting firms in malpractice matter.

  • Retained by plaintiff in professional malpractice action in evaluating merits of underlying financial damages for theft of trade secrets. Analysis involved reviewing alleged disgorgement of profits from start-up of competing business by former employees and damages incurred from theft of confidential drawings and designs for industrial fasteners.

  • Engaged by plaintiff to analyze economic damages in professional malpractice claim involving business valuation. Performed valuation of privately-held company for purposes of stock purchase agreement and analysis of defendant's valuation report.

  • Analyzed economic damages on behalf of pet care industry leader in legal malpractice matter related to claimed negligence associated with defective franchise agreement and consulting arrangement.

Get In Touch

Phone

(216) 357-2646

Email

info@medicacpa.com

Fax

(216) 357-2697