An accounting firm achieved a defense verdict on loss causation grounds during a bench trial of negligence and fraud claims. Our firm represented the accounting firm during the bench trial and on appeal, where judgment for the accountant was affirmed. AUSA Life Ins. Co. v. Ernst & Young, 991 F. Supp. 2d 234 (S.D.N.Y. 1997), aff’d, 2002 U.S. App. LEXIS 13845 (2d Cir. July 8, 2002).