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You are here: Home › Our Cases › Professional Liability Cases › Bielfeldt v. KPMG LLP
 

Bielfeldt v. KPMG LLP

Pursued tax malpractice action against major accounting firm to jury verdict of $17.6 million.

KPMG advised Bielfeldt to report his taxes as a trader in securities without considering the possibility of reporting as a dealer.  Reporting as a trader caused Bielfeldt to report and pay tax on far more income than he actually earned.  After KPMG finally advised Bielfeldt to file amended returns as a dealer, the IRS refused to give tax refunds to Bielfeldt because, among other things, Bielfeldt's returns had been prepared by KPMG.

The trial court granted KPMG's motion for summary judgment before trial.  Bielfeldt appealed and the appellate court reversed the summary judgment and returned the case to the trial court.

The case was tried to a jury in the summer of 2008, and the jury returned a verdict in Bielfeldt's favor for $17.6 million.  KPMG's appeal is pending in the appellate court.

Files
Complaint   267.7 kB  
Complaint by Bielfeldt against KPMG
Brief of Gary K. Bielfeldt   2.5 MB  
Bielfeldt's brief in the first appeal
Amended KPMG Brief   5.2 MB  
KPMG's brief in the first appeal
Reply Brief of Gary K. Bielfeldt   873.7 kB  
Bielfeldt's reply brief in the first appeal
Order   440.2 kB  
Appellate court order reversing summary judgment
Third Amended Complaint   156.5 kB  
Complaint at trial
Verdict Form   35.8 kB  
Jury's verdict for $17.6 million
Trial Brief   11.5 MB  
Bielfeldt's trial brief
KPMG's Brief   2.1 MB  
KPMG's brief on second appeal
Gary K. Bielfeldt Brief   4.1 MB  
Bielfeldt's brief on second appeal
KPMG Opposition Brief   2.0 MB  
KPMG's reply brief on second appeal
Bielfeldt Reply Brief   774.4 kB  
Bielfeldt's reply brief on second appeal
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