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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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