Court: Circuit Court of Illinois, Cook County
Case No.: 00-L-014029
WBE pursued this action on behalf of a municipality against its management consulting and accounting firm, as well as its auditors. The municipality asserted that the management consulting and accounting firm, which had been hired to run the Village’s Finance Department, failed to fulfill its duties by, among other things, failing to keep a detailed general ledger of the Village’s finances over a multi-year period. The Village alleged that its auditor wrongfully failed to notify the Village that the financial statements prepared by the management consulting and accounting firm were unreliable, leading to decisions affecting the economic viability of the Village. The parties ultimately entered into a confidential settlement that completely resolved the litigation.