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ACCOUNTING a defunct bookstore chain was awarded more than $6.6 million by a Maine jury on April 4. Bookland of Maine declared bankruptcy in 2000. The chain claimed that its accountant, Baker, Newman & Noyes of Portland, Maine, failed to alert Bookland of financial discrepancies that led to its bankruptcy. Bookland claimed that the firm had failed to comply with a 1995 agreement in which it promised to alert the CEO of any mistakes. In the belief it was making a profit, the company had been expanding. This led to bankruptcy. Baker Newman countered that it was hired to review Bookland’s financial statements, not to audit them. Bookland of Maine v. Baker, Newman & Noyes, No. 01-234-P-H (D. Maine). PLAINTIFF’S ATTORNEYS: Jeffrey Thaler and Robert J. Keach, Bernstein, Shur, Sawyer & Nelson, Portland, Maine DEFENSE ATTORNEY: Peter Culley, Pierce Atwood, Portland Source: National Jury Verdict Reporter

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