Company wins malpractice case against Baker Tilly Virchow Krause
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A Marathon County jury Thursday awarded Aqua Finance $50 million after the Wausau-based company accused accounting firm Baker Tilly Virchow Krause of costing it tens of millions of dollars in profits.
The jurors, nine women and three men, deliberated during parts of two days after hearing four weeks of testimony. Aqua Finance accused its former accounting and advising firm of negligence and breach of contract. Aqua Finance attorneys asked jurors to award up to $327 million.
Aqua Finance's attorneys argued that Baker Tilly and its partner who managed Aqua Finance's account, Kevin Prather, withheld that the Wausau company's loan losses were improperly calculated and did not meet industry standards, according to court records.
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