MMP&S Obtains Discontinuance of Complex Accounting Malpractice Action

In Argyle Funds SPC, Inc. v. BDO Cayman, Ltd, MMP&S successfully persuaded a large international hedge fund plaintiff to discontinue with prejudice a $40 million complex accounting malpractice action against our client, an accounting firm that participated in a multi-national affiliation program that involved litigation in Supreme Court, Nassau County and mandatory arbitration in the Cayman Islands construed under Cayman Islands law. MMP&S successfully endeavored to narrow the claim issues as against our client by producing dispositive supporting documentation to the plaintiff, and, as a result, ultimately convinced the plaintiff to discontinue the action as against the accounting firm only, thereby obviating expensive and extensive litigation both in Supreme Court, Nassau County and in the Cayman Islands.

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