A Florida court jury has awarded $170 million in damages to Banco Espirito Santo to compensate the Portuguese bank for negligent audits by BDO Seidman at a company blamed for the largest bank fraud in Miami history.
Miami-Dade Circuit Judge Jose Rodriguez ordered the six-member civil jury to return Tuesday morning to hear testimony on the net worth of the world’s fifth largest accounting. The bank is asking for an additional $510 million in punitive damages.
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