Professional Malpractice

Legal malpractice can occur when an attorney’s action or inaction is negligent, or advice of the attorney causes damages

This can include the attorney failing to file a lawsuit within a certain period of limitations or failing to meet deadlines. The attorney may be liable in certain situations as an intended beneficiary or third party. An attorney may be liable for:

  • Mishandling client funds
  • Engaging in unfair dealing
  • Failing to comply with filing deadlines
  • Breaching the duties of loyalty or confidentiality
  • Failing to charge a client with fee agreement
  • Fraud
  • Failing to follow reasonable client instructions

Accounting malpractice occurs when an accounting professional improperly performs the duties of that profession

According to the Accounting Code of Conduct, Certified Public Accountants (CPAs) are bound by a set of professional standards and must adhere to the regulations and guidelines of their industry. If they do not, they can be held responsible for these types of malpractice cases:

  • Failing to provide correct tax advice
  • Giving erroneous advice regarding accounting matters or committing inventory errors
  • Failing to properly audit financial statements or detect defalcations
  • Inability to comply with GAAP and GAAS standards
  • Accounting malpractice due to fraud, including tax investment cases, securities fraud, and CPA license fraud

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Since its inception in March 2005, Stoltmann Law Offices, P.C. has dedicated its practice to representing investors in lawsuits and arbitration claims against brokers, financial advisors, investment advisors, and the companies they work for. Our Chicago investment fraud attorneys offer their clients a combined 35 years of experience fighting for investor rights from offices in Chicago, Illinois and suburban Barrington, Illinois and Downers Grove, Illinois.

The attorneys at Stoltmann Law Offices have dedicated their life’s work to representing investors who have been cheated or defrauded by those professionals they trusted with their hard-earned money and retirement savings, recovering in excess of $200 million for investors over the years.

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