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KPMG LLP v. COCCHI

Nos. 4D09-4867, 4D10-988.

51 So.3d 1165 (2010)

KPMG LLP, Appellant, v. Robert COCCHI, Penny Ellen Fromm, Pef Associates, Inc., Brian Gaines, John Johnson, Dr. David Schwartzwald, Rand Schwartzwald, Dr. Herbert Silverberg, John Silverberg, Dr. Jerry Weiss, Donna Weiss, The Norman Shulevitz Foundation, Inc., RM Management, LLC, Sande Wische, Carol Wische, Paula Zitrin, Dr. Jaron Zitrin, Rachel Zitrin, Dr. Roger Zitrin, Tremont Group Holdings, Inc., Tremont Partners, Inc., Rye Select Broad Market Fund, LP, Rye Select Broad Market Prime Fund, LP, Rye Select Broad Market XL Fund, LP, Appellees. KPMG LLP, Appellant, v. Robert Cocchi, Penny Ellen Fromm, Pef Associates, Inc., Brian Gaines, John Johnson, Dr. David Schwartzwald, Dr. Herbert Silverberg, Dr. Jerry Weiss, Donna Weiss, The Norman Shulevitz Foundation, Inc., RM Management, LLC, Sande Wische, Carol Wische, Paula Zitrin, Dr. Jaron Zitrin, Rachel Zitrin, Dr. Roger Zitrin, Tremont Group Holdings, Inc., Tremont Partners, Inc., Rye Select Broad Market Fund, LP, Rye Select Broad Market Prime Fund, LP, Rye Select Broad Market XL Fund, LP, Appellees.

District Court of Appeal of Florida, Fourth District.

Rehearing Denied February 15, 2011.

Attorney(s) appearing for the Case

Edward A. Marod of Edward A. Marod, P.A., West Palm Beach, Gregory G. Ballard of Howrey LLP, New York, NY, and Williams & Connolly LLP, Washington, D.C., for appellant.

Marshall A. Adams and Richard A. Serafini of Adams, Cassidy & Phillippi, Fort Lauderdale, Jeff I. Ross of Ross & Orenstein LLC, James L. Volling , Michael F. Cockson and Liz Shields Keating of Faegre & Benson LLP, Minneapolis, Minnesota, and Gerald F. Richman and John R. Whittles of Richman Greer, P.A., West Palm Beach, for appellees Robert Cocchi, Penni Ellen Fromm, PEF Associates, Inc., Brian Gaines, John Johnson, Dr. Davis Schwartzwald, Rand Schwartzwald, Dr. Herbert Silverberg, John Silverberg, Dr. Jerry Weiss, Donna Weiss, The Norman Shulevitz Foundation, Inc., RM Management, LLC, Sande Wische, Carol Wische, Paula Zitrin, Dr. Jaron Zitron, Rachel Zitrin, and Dr. Roger Zitrin.

WARNER, J.

KPMG appeals two non-final appealable orders. Although filed as separate appeals, we consolidate them for purposes of this opinion. The plaintiffs have filed suit against KPMG and others for damages as a result of losses of their investment in several partnerships. KPMG audited financial statements of partnerships in which the plaintiffs invested. Although the plaintiffs assert multiple causes of action against KPMG, the plaintiffs essentially claim that...

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