Case Concepts International, LLC v. Teich, Beim & Moro, C.P.A.'s, P.C.

CourtDistrict Court, S.D. New York
DecidedJanuary 6, 2020
Docket7:16-cv-07664
StatusUnknown

This text of Case Concepts International, LLC v. Teich, Beim & Moro, C.P.A.'s, P.C. (Case Concepts International, LLC v. Teich, Beim & Moro, C.P.A.'s, P.C.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Case Concepts International, LLC v. Teich, Beim & Moro, C.P.A.'s, P.C., (S.D.N.Y. 2020).

Opinion

M 5 Penn Plaza, 15" Floor eee MEMOENDORSED & Di Bella Martin J. Murray, Esq. Counselors at law 212-725-2044 mjm@murraydibella.com

Via ECF December 30, 2019 Hon. Kenneth M. Karas United States District Judge United States Courthouse 300 Quarropas Street, Chambers 533 White Plains, NY 10601-4150 Re: Case Concepts et. al. v. Teich, Beim & Moro, et al., Case No. 7:16-cv-07664-KMK. Dear Judge Karas: This office represents plaintiffs Case Concepts International, LLC (“CCI”), Raul Riveros (“Riveros”), Ximena Y. Barrera Riveros, Edward Bell and Pamela Bell (collectively, “Plaintiffs”) in the above-referenced action. We write in response to the December 24, 2019 pre-motion discovery conference request letter (“Pre-Motion Ltr.”) submitted by defendants Teich, Beim & Moro, C.P.A.’s P.C. and David A Teich (collectively, “Defendants”). Defendants’ letter raises two separate issues: (1) Plaintiffs’ objection and refusal to allow Defendants to engage in the proverbial fishing expedition to obtain documents concerning every aspect of Riveros’ financial affairs for over a more than decade-long period; and (2) Plaintiffs’ objection to producing documents protected by either the attorney client privilege and/or work product doctrine. As explained below, Plaintiffs’ objections are valid in all respects. This is an action for accounting malpractice. In 2004, Plaintiffs hired Defendants as outside accountant for CCI and as tax return preparer for Plaintiffs. During the course of their representation, Defendants were responsible for preparing CCI’s annual financial statements. Documents produced during discovery, including financial statements prepared by Defendants themselves, prove Defendants were aware of the nature of CCI’s business — namely, that it imports leather and nylon cases for sale to the cellular phone, mobile electronics and consumer products industries throughout the United States, and that it does so through affiliated overseas companies which act as purchasing agents and perform other services on behalf of CCI. Documents obtained from Defendants’ own files are replete with references to foreign related entities, including but not limited to assets maintained and expenses incurred by Case Concepts Asia, Ltd., Case Concepts Europe, Case Concepts (Huang Gang) Co., Ltd. and Case Concepts (Shenzen) Co., Ltd. Defendants’ undeniable knowledge of these foreign entities is critical to one of the central issues in this litigation, which is Defendants’ failure to advise Plaintiffs of their two- step reporting obligation regarding foreign financial accounts maintained by the foreign entities owned by CCI and Riveros — with step one being to properly complete Form 1040, Schedule B, Part III on Plaintiffs’ federal income tax returns which instructs taxpayers to indicate an interest in

Tinancial account in a foreign county by checking “yes or” No’ in the appropriate box and to file Forms 5471 with respect to the foreign companies that Plaintiffs owned, and step two being to file Reports of Foreign Bank Accounts (FBARs) with respect to the bank accounts that the foreign companies maintained or for Plaintiffs’ own foreign bank accounts. Rather than admit their negligence, Defendants have repeatedly attempted to recast this litigation into a case about what they allege should have been Riveros’ knowledge of his FBAR obligations, despite the fact that Defendants have already admitted in their pleadings that they themselves were ignorant of the very same FBAR obligations. This discovery dispute is another attempt to gloss over Defendants’ malpractice by claiming that Plaintiffs should have known reporting requirements that their accountants did not. Defendants’ Overbroad and Irrelevant Document Requests To date, Defendants have served 49 separate document requests seeking all manner of information from Plaintiffs. In response to these requests, Plaintiffs have produced over 8,000 pages of documents. Under the guise of seeking information concerning Riveros’ alleged knowledge of his FBAR obligations, Defendants’ document requests seek an array of financial information concerning Plaintiffs, including but not limited to information concerning: All mortgages, financial statements, and net worth statements submitted in connection with any applications by any Plaintiff for mortgages, loans, refinancing, and/or lines of credit (Supplemental Request No. 1); . All wills, trusts, and estate documents created by any Plaintiff over a 16-year period (Supplemental Request No. 6); All documents which relate to any foreign bank account or other financial account in which any plaintiff held an interest over a 12-year period (Request No. 11); and All documents which show all deposits, withdrawals, interest, dividends or profits earned in connection with any foreign bank account or other financial account in which any Plaintiff had an interest over a 12-year period (Request No. 12).! Whether Mr. Riveros disclosed his foreign financial interests in connection with a mortgage application or included his foreign financial assets on an application for a mortgage, loan or in a will or a trust has nothing to do with his awareness of FBAR filing requirements. Indeed, it is an extreme leap to say that this information is somehow relevant to his “pattern and practice” in the reporting (or failure to report) his foreign income — particularly since Defendants have not established that there was any requirement to report his foreign financial interests in any other context or to any entities other than the IRS and FinCEN. Similarly, information concerning how Riveros and CCI accumulated the balances in the relevant foreign accounts is also irrelevant and not proportional to the needs of this case. Although Defendants attempt to rationalize their requests for documents which show the “amount and source of income earned” in foreign accounts by arguing that information concerning salaries, distributions, W-2s, K-1s and 1099s (or foreign equivalents) from these foreign entities would be relevant — the requests at issue do not seek this information. Rather, the document requests at issue seek all documents concerning the

1 While Defendants assert that Plaintiffs also refused to produce information regarding the account holder on each foreign account listed on Plaintiffs’ IRS Form 14654, that is incorrect. As set forth ina December 5, 2019 email sent to defense counsel, information concerning Mr. Riveros’ legal relationship with the entities that own each foreign account listed on the Form 14654 and addendum thereto has already been produced and appears on the Form 5471s previously produced in this action and the spreadahaet produced at CCI 0006168.

foreign bank accounts at issue for over a decade-long period, including but not limited to over a decade’s worth of deposit and account statements for every foreign account maintained by Plaintiffs’ affiliated foreign entities, each of which were engaged in active business and would necessarily have generated tens of thousands of pages of documents. These documents are wholly irrelevant. Neither Plaintiffs’ claims in this matter nor the discovery rules give Defendants license to engage in a wholesale fishing expedition seeking all manner of Plaintiffs’ financial documents over a decade-long timeframe. At the end of the day, no amount of foreign assets, and no details about what manufacturing or sales activity generated those assets, shed any light on whether Plaintiffs were aware of tax code requirements to file FBARs, particularly when parties as sophisticated as outside tax counsel were, by their own admission, unaware of the filing requirements. Defendants’ requests are not proportional to the needs of the case, and the burden and expense of producing all such documents outweighs any likely benefit. Plaintiffs’ objections should be sustained.

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Bluebook (online)
Case Concepts International, LLC v. Teich, Beim & Moro, C.P.A.'s, P.C., Counsel Stack Legal Research, https://law.counselstack.com/opinion/case-concepts-international-llc-v-teich-beim-moro-cpas-pc-nysd-2020.