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“Got $53 Million?!”

  • Ridge Country Club 10522 South California Avenue Chicago, IL, 60655 United States (map)

Devon C. Bruce, a partner at Power, Rogers, & Smith which specializes in appellate advocacy on behalf of tort victims, particularly accounting and banking malpractice, presented on an accounting and banking malpractice case on behalf of the City of Dixon where they reached a gross settlement of $40,000,000. The case arose out of the largest reported embezzlement of a municipality in the United States. The Treasurer of the City, Rita Crundwell, stole over $53 million over a period of 18 years from Dixon. Mr. Bruce brought the action on behalf of the City against several accountants and accounting firms for the negligent performance of the annual audit of the City as well as the failure to report irregularities in the personal tax returns of Rita Crundwell which several of the defendants also performed.