Deloitte, Baker Tilly US and Baker Tilly Virchow Krause were slapped with a securities class action Thursday in Minnesota District Court. The court action was brought by Reinhardt Wendorf & Blanchfield against the defendants as auditors for Aspirity, an energy company that raised over $20 million from 2012 to 2017 by selling the public short-term renewable unsecured subordinated notes until it filed for bankruptcy. The defendants are accused of facilitating Asperity’s misrepresentations to investors. Counsel have not yet appeared for the defendants. The case is 0:21-cv-01549, Kamal et al v. Baker Tilly Virchow Krause, LLC et al.

This suit was surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice. Law.com Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]