A Miami-Dade Circuit Court jury Tuesday heard testimony on punitive damages in the negligence case against the accounting firm BDO Seidman, which is blamed by Banco Espirito Santo of Portugal for overlooking the largest bank fraud in Miami history.
The jury already has decided BDO Seidman must pay the bank $170 million in compensatory damages for negligent audits. The bank is seeking an additional $510 million from the punitive damage phase of the case. Closing arguments began late Tuesday.
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