Litigation Prevention during CPA-Driven Deal

Two clients of a public accounting firm entered into negotiations for one to purchase the other – and each wanted the CPAs to stay in the deal.  Moss & Barnett designed a comprehensive waiver of any claims for lack of independence or conflict of interest, plus provisions releasing all prospective claims and indemnifying the accountants in the event of later litigation.

Bottom line:  Our client CPA proceeded in full accord with the AICPA Code of Conduct and with complete protection against future liability exposure.