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CAST ART INDUSTRIES v. KPMG LLP

No. A-51/52 September Term 2010, 066891.

36 A.3d 1049 (2012)

209 N.J. 208

CAST ART INDUSTRIES, LLC, Scott Sherman, Gary Barsellotti, and Frank Colapinto, Plaintiffs-Respondents and Cross-Appellants, v. KPMG LLP, Defendant-Appellant and Cross-Respondent, and John Quinn, John Shaw, Ed Lazor, and Frank Casal, Defendants.

Supreme Court of New Jersey.

Decided February 16, 2012.

Attorney(s) appearing for the Case

Douglas S. Eakeley , Roseland, argued the cause for appellant and cross-respondent ( Lowenstein Sandler , attorneys).

Michael J. Avenatti , a member of the California bar, argued the cause for respondents and cross-appellants (Wilentz, Goldman & Spitzer, attorneys; Mr. Avenatti and Alan Wasserman , of counsel; Mr. Avenatti , Mr. Wasserman , Louis A. Greenfield , Woodbridge , and Carrie S. Ford , Newark, on the briefs).

Michael K. Furey submitted a brief on behalf of amici curiae New Jersey Society of Certified Public Accountants and American Institute of Certified Public Accountants (Riker Danzig Scherer Hyland & Perretti, attorneys; Mr. Furey and Stephanie R. Wolfe , Morristown, on the briefs).

Judge WEFING (temporarily assigned) delivered the opinion of the Court.

Following a lengthy trial in this accounting malpractice action, a jury returned a verdict in plaintiffs' favor and awarded damages totaling $31.8 million. Following post-trial motions and computation of pre-judgment interest, the trial court entered an amended final judgment against defendant for $38,096,902. Defendant appealed and plaintiffs cross-appealed from that judgment. In a published...

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