Thomas E. Peisch was featured in an article in the Boston Business Journal about a Massachusetts lawsuit brought against Deloitte & Touche (Deloitte) by the Bank of America. The lawsuit arises from the bankruptcy of DVI Inc., which allegedly engaged in illegal accounting practices. Deloitte was their auditor. Bank of America claims that Deloitte's failure to force changes in questionable accounting practices contributed to DVI's ability to obtain $150 million in loans from Bank of America and other lenders. Mr. Peisch noted that normally an auditor's obligations runs to the company and its shareholders, and that it is unusual for a lending bank to look to an auditor to recover damages caused by loan losses. He noted that this is an ominous claim for the Big 4 accounting firms.