The leadership of Citrin Cooperman is confident that the facts will speak for themselves in the appropriate forum. Headquarters Regions Greater New York Area, East Coast, Northeastern US. Our daily mission is to help our clients "focus on what counts." All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. Brislin didnt respond to The Inquirer, either. Founded in 1979, Citrin Cooperman is a leading provider of tax, accounting and advisory services for small and midsize businesses and high net worth individuals across a variety of end markets. Thats when Purolite learned that individual returns hadnt been filed for years. Negotiated favorable resolutions for clients in lawsuit alleging fraud, professional negligence, and failure to supervise accountant criminally convicted of stealing nearly $1,000,000 from clients. This will mark . He also enjoys running marathons, traveling, and spending time with family and friends. Government Contracting Specialty Advisory Services, Forensic and Litigation Advisory Services, Technology, Risk Advisory, and Cybersecurity (TRAC), IT Risk, Cybersecurity, and Privacy Services, Income Tax Accounting and Advisory Services. Our daily mission is to help our clients "focus on what counts." Our firm has successfully built our business and our reputation for over 40 years since starting the business in 1979 and today have over 40,000 satisfied clients. The lawsuit chronicles Citrin's blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolite's unwitting failure to meet its tax filing obligations. For many years, Purolite and Citrin Cooperman accountants worked together in a partnership that began when the older Brodies hired a small accounting firm that was later, in 2007, purchased by Citrin. All Rights Reserved. Purolite has requested that these regulators conduct a full investigation into Citrins professional negligence and take all actions warranted by its conduct, including revoking the licenses of Citrin Cooperman and the named individuals. [Source: Tip to GC] CliftonLarsonAllen 10% pay cut for employees firm-wide from May 1 until Dec. 31 Oct. 31 Aug. 1. All Rights Reserved. Finance. Purolite sued in 2019 and filed an amended complaint in 2021. Citrin's malfeasance caused Purolite to suffer substantial harm and required the company to hire new accountants and lawyers to remedy the breach the . Attorney Francis X. Grimes, of the Jenkintown, Pa. firm Stock & Grimes, LLP, filed a civil action March 19 at the Philadelphia Court of Common Pleas on behalf of Citrin Cooperman & Company LLP. Citrin Cooperman 5% to 10% of firm's workforce laid off. Purolite was charged with multiple violations of the U.S. Trading with the Enemy Act (TWEA). This year's survey explores how agile businesses are navigating industry issues, including reshaping product offerings, fortifying their business against supply chain changes, implementing artificial intelligence technology, leveraging forecasting tools, and more. New York-based Citrin Cooperman said on Wednesday it has acquired fellow New York firm Berdon, in a deal that should place the combined firm among the 20 largest in the U.S. with annual. We also use optional cookies to understand your engagement with the website, interact with social network accounts, and provide you with the best experience. ORDERED that Citrin Cooperman & Company, LLP's motion to dismiss the claims of Andrew Targum, Erika Targum, Andrew S. Targum, P.C., Andrew Scott Targum, P.C., and Targum, Britton & Tolud, LLP is granted as to the claims for ratification, and to the extent that these plaintiffs seek to recover for actions dating before September 12, 2009 and to . Citrin falsely represented to Purolite that it had completed and filed all required returns with governmental entities, when in fact, Citrin never filed corporate returns for tax years 2013 through 2017 and failed to properly file required tax forms for Purolites foreign affiliates from 2010 through 2017. This has long been a vexing issue. Citrin Cooperman remains dedicated to providing their clients with top-level client service backed by a full suite of assurance, tax, and advisory services geared towards helping their clients grow their business and improve their personal finances. His work in the real estate sector involves overseeing assurance engagements for private real estate funds and overseeing the tax compliance for the respective funds, joint ventures, and international reporting for foreign investors. The campaign Purolite is now engaged in to damage the reputation of our firm is abhorrent and punitive. The lawsuit claims that King of Prussia, Pa.-based Internet Fitness LLC and Internetfitness.com Inc., have failed to compensate the plaintiff for . UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. For decades, family-run Purolite has sold specialty resins, gradually expanding sales to more than 30 countries. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Over the past few years, we have seen that strong performers in the manufacturing and distribution industry are the companies that are constantly adapting to change. Last Funding Type Private Equity. In the years in dispute, the assigned accountant was Mary Brislin, a Citrin partner. Please accept & submit to continue. This years edition takes an inside look at the unique challenges presented by 2021, and how we helped our clients succeed through unpredictability and a rapidly changing environment. About Citrin Cooperman: Citrin Cooperman is among the largest, full-service assurance, tax, and business advisory firms in the United States, having steadily built its business serving a diverse and loyal clientele since 1979. Purolite has engaged a public relations firm to place false negative and misleading digital advertisements on multiple social media platforms targeting Citrin Cooperman's employees, clients, and others affiliated with the firm. (Supreme Court of the State of New York, County of New York -- Index Number 650665/2014), 2023 Silver Miller View Our Disclaimer | Privacy PolicyLaw Firm Website Design by The Modern Firm, A SECURITIES FRAUD AND INVESTMENT LOSS CONTINGENCY-FEE LAW FIRM. They were also charged with violating the Clean Air Act by the U.S. Attorney's Office in Philadelphia on behalf of the U.S. Environmental Protection Agency, for which it was fined $400,000. The dispute centers on a complex part of the U.S. tax code known as Section 956, which is known as a minefield among tax practitioners, said Alice Abreu, professor of law and director of the Temple Center for Tax Law and Public Policy. Brotech Corporation, doing business as Purolite Corp. and its owners, Stefan Brodie and Donald Brodie, were tax clients of Citrin Cooperman for many years before filing a lawsuit against Citrin Cooperman in 2019. "Citrin Cooperman strongly refutes the attack made against our firm and several of our partners by the principal shareholders of Purolite. Another Citrin partner, the former managing partner of the Philadelphia office, helped funnel clients to investment funds that were part of a multi-million-dollar Ponzi scheme that left innocent victims in its wake. Citrin now says the company owes additional taxes. Dual Bachelors Degrees in Communications and History, University of Miami, Masters Degree in Accounting, Nova Southeastern University, Certified Public Accountant in the State of Florida, Member, Florida Institute of Certified Public Accountants, Member, American Institute of Certified Public Accountants, South Florida Business and Wealth Magazine 2019 Up and Comer Award, Cystic Fibrosis Foundation Finest Honoree - 2019, Greater Miami Jewish Federation - Sandra C. Goldstein Young Leader Award Recipient - 2018, Financial Statement Analysis - Nova Southeastern University - Law School - January 2018, Member, University of Miami Citizens Board, Past Board Member, Greater Miami Jewish Federation. He also said his firm had paid all taxes that the Citrin firm had advised were owed, and also paid all of the accounting firms bills. Add the rest of your contact information below and select which topics are of interest to you. Live market coverage co-anchored from Hong Kong and New York. Key industries include hydrometallurgy, metals plating, pharmaceutical, potable and groundwater, power, semiconductor and sugar & sweetener. The Judge overseeing this case is Eileen Rakower. Citrin admitted to its egregious errors and initially feigned cooperation, but has since obstructed Purolite, exacerbating the already significant damages suffered by Purolite. The lawsuit chronicles Citrin's blatant incompetence, intentional concealment and extreme bad faith, which resulted in Purolite's unwitting failure to meet its tax filing obligations . View Full Firm Disclosure. Purolite has pioneered the development of these technologies in adsorption, catalysis, condensate polishing, metals removal & recovery, nanoparticle milling, softening and demineralization. Cases involving other matters not classified elsewhere, 890, 1890, 1990, 2890, 2899, 2999, 3375, 3890, 3896, 3899, 3999, 4890, 4896, 4999, PricewaterhouseCoopers LLP v. Citrin Cooperman & Company, LLP, AFFIRMATION/AFFIDAVIT OF SERVICE (Motion #001) Affirmation of Service of Order to Show Cause dated November 16, 2020 and supporting papers, and Verified Petition; Filed By: Librera, K.; Filed: 11/19/2020; Received: 11/19/2020, ORDER TO SHOW CAUSE (Motion #001) seal; Filed By: Court User; Filed: 11/16/2020; Received: 11/16/2020, ADDENDUM - COMMERCIAL DIVISION (840C) (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, RJI -RE: ORDER TO SHOW CAUSE (Motion #001); Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Petitioner's Memorandum of Law in Support of Petition to Compel; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, MEMORANDUM OF LAW IN SUPPORT (Motion #001) Memorandum of Law in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, AFFIDAVIT OR AFFIRMATION IN SUPPORT OF PROPOSED OSC/EXPARTE APP (Motion #001) Affirmation of William M. Sunkel in Support of Petitioner's Application to Seal; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, ORDER TO SHOW CAUSE - ACCOMPANYING COMMENCEMENT DOC(S) (PROPOSED) (Motion #001) Order to Show Cause; Filed By: Librera, K.; Filed: 11/12/2020; Received: 11/12/2020, EXHIBIT(S) - C *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - B *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, EXHIBIT(S) - A *Corrected* Filed Under Seal; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020, PETITION *Corrected* Verified Petition; Filed By: Librera, K.; Filed: 11/09/2020; Received: 11/12/2020. We had no other choice but to bring this matter to court and to the licensing boards in the hope that no other company will be subjected to the nightmare we have been forced to deal with.. Our In Focus Resource Center provides insights on real-time, relevant, strategic, and tactical business issues and trends to help keep you in front of what's happening in your industry and the market. "Athlete | Empire" presents the in-depth, intimate stories of these businesses, as told by the players themselves. Company Type For Profit. For many years, Purolite and Citrin Cooperman accountants worked together in a partnership that began when the older Brodies hired a small accounting firm that was later, in 2007, purchased by Citrin. Florida (954) 516-6000 Instead, they have not only abjectly failed to meet their professional obligations but also conducted themselves in a shockingly unethical manner, including forging my signature. Making the situation even hazier, Brislin has gone mute, declining to talk with either side. A war of words heats up over how and whether international taxes should be paid. As part of the change, it asked Citrin to pass over the relevant past paperwork. If you have questions regarding our use of your information, please send an e-mail to privacy@citrincooperman.com. Joshua Rader is the managing partner of Citrin Coopermans South Florida offices. Overnight on Wall Street is daytime in Asia. Files Malpractice Complaints with IRS and Other Accounting Regulatory Bodies for Citrin's Failure to File Purolite Tax Returns for Five Years and Additional Acts of Gross Professional Misconduct . The company and its lawyers wouldnt provide a copy of the Skadden opinion. The partners of Citrin Cooperman issued a statement in response to a press release sent to numerous outlets by the principal shareholders of a former client, Brotech Corporation doing business as Purolite Corp., describing an ongoing litigation. As a business advisor with 18+ years of assurance, advisory, and tax structuring experience, Josh has led a significant number of buy-side and sell-side financial due diligence engagements. 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