CPA Firm Blind to Evergreen's Financials, Trustee Charges in New Suit

ORLANDO-U.S. Bankruptcy Court Trustee Bill Cuthill Jr. is suing locally based Averett Warmus Durkee Bauder & Thompson, charging the 25-person CPA firm with professional negligence and negligent misrepresentation while providing accounting services for the defunct, 10-year-old Evergreen Security Ltd.

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.”