AUBURN HILLS (AP) – The estate of former Detroit Pistons owner Bill Davidson is suing a tax business over a recommended plan lawyers say led to a big Internal Revenue Service claim.
The lawsuit filed Thursday in New York says Deloitte Tax LLP created “a reckless and grossly negligent estate and tax plan,” according to a report in The Detroit News.READ MORE: Ferndale Schools District Reinstating Face Masks Starting This Week
In a statement, Deloitte Tax says it stands “fully behind the services our team provided” and plans a vigorous defense.READ MORE: Ford, GM, Stellantis Reinstate Masks At Facilities In Areas With 'High' COVID Risk
Davidson died in 2009 at age 86. He owned Auburn Hills-based Guardian Industries, an auto industry glass products supplier.
The estate in July agreed to pay the IRS $388 million to settle the $2.8 billion claim, which was made in 2013. It says Davidson’s accountants undervalued privately held Guardian stock placed in trusts for his family.MORE NEWS: Bank Of America Report Shows A Competitive Homebuying Season
© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.