Settlement of $3,262,500 against auditor for alleged negligent audit of publicly traded company.
NFC v. SSC, District Court of Johnson County, Kansas
Rick Lombardo and Greg Forney of SLS represented NFC who was a creditor of Brooke Insurance Corporation. Brooke became insolvent and went into bankruptcy causing substantial losses to NFC. NFC brought suit for professional negligence against SSC alleging that NFC relied on SCC's audits of Brooke in extending credit to Brooke. The case was settled for $3,262,500.