Sunday, February 01, 2015 4:25:58 PM
For decades prior to being dissolved, Arthur Andersen performed accounting/auditing services for many of the world's largest publicly traded corporations. More than a decade later, I have yet to see any negative shadow cast upon another former client of Arthur Andersen, simply because they happened to use that same accounting firm for their accounting/audit services.
Based upon this, it would seem a reasonable conclusion that the wrongful acts of a professional services firm (or individual) do not extend to other clients of that professional services firm (or individual).
Therefore, the supposed Green Cures/Richard Weed (opinion letter) issue is a non-issue.
As always, simply my opinion.
GRCU
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