9th Circ. Ruling Clarifies Auditor Liability for IPO Errors, Law360

Partners Warren Rissier and Kevin Papay and associate Michael Hacker co-authored an Expert Analysis article for Law360 about a recent decision from the US Court of Appeals for the Ninth Circuit affirming the dismissal of a securities claim against an auditor, holding it was not strictly liable for alleged misstatements in its client’s initial public offering.

The authors provide a background on the Hunt v. PricewaterhouseCoopers LLP case, analyze the decisions from the district court and Ninth Circuit, and share key takeaways.

Read the full Law360 article >>