GlobeSt.com couldn't reach the firm's principals or Cuthill at publication deadline to learn why the accountants were brought into the 18-month-old investigation at this time. In a published report, James Warmus, a partner at the 13-year-old firm, says the suit is frivolous and without merit.
The July 26 Orange Circuit Court civil suit alleges the CPAs "knew or should have known that Evergreen was woefully insolvent during the entire time period reflected in the balance sheet."
The suit seeks unspecified compensatory and punitive damages, estimated by two GlobeSt.com real estate lawyer sources following the case independently, to be in the $8 million range.
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