United States Ninth Circuit

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Mosier v. Stonefield Josephson, Inc., 13-56453

In a tort action brought by a court-appointed receiver against defendant accountants who audited the financial statements of PEMGroup, whose former directors and managers defrauded $950 million from investors, the district court's grant of summary judgment to defendants is affirmed where the receiver failed to raise a genuine issues as to causation by failing to show that the involved companies or its investors relied on the audits at issue.

Appellate Information

  • Decided
  • Published 2016/02/23




  • United States Ninth Circuit