“A US District Court judge has dismissed claims against Grant Thornton International and its US subsidiary that arose following the collapse of Italian dairy company Parmalat.”

1) regarding the “f-word… aka Fraud”. There are three necessary and sufficient conditions to call something fraud: a misrepresentation that someone relies upon, harm to that person as a result of relying upon that misrepresentation, and INTENT. In order to call the B4 fraudsters you have to show they had intent to do the harm when they made the misrepresentation. This is a legal requirement. I am convinced that in some situations you can argue there was a misrepresentation and a harm… but can you argue intent (and win)?

2) Regarding being a plaintiff lawyer — most are defense lawyers… why??? Well, the plaintiffs are trying to get something from someone – and that someone usually has the money. So the defendants have the money to spend on their defense, and the plaintiff lawyers can’t get much from their client… thus they go to contingency basis.