March 12 , 2025, Oral Arguments
Tricarichi vs. PriceWaterHouseCoopers,LLP c/w 87375/87835
Carson City – 10:00 a.m. – Panel A
Tricarichi vs. PriceWaterHouseCoopers,LLP c/w 87375/87835
Docket No. 86317 c/w 87375/87835
Carson City – 10:00 a.m. – Panel A
Appellant Michael Tricarichi engaged in an improper tax-avoidance transaction when liquidating his company in 2003, for which the Internal Revenue Service assessed him with liability for a tax deficiency and penalties totaling over $20 million. In 2016, he sued respondent PricewaterhouseCoopers, LLC, (PwC) for negligently advising him to go forward with the transaction in 2003. The district court granted summary judgment to PwC, finding that the statute of limitations had lapsed regarding any claims for damages arising out of advice given in 2003. Tricarichi amended his complaint to bring forth claims arising in and after 2008. Following a bench trial on the 2008-based claims, the district court rejected all Tricarichi’s claims and entered final judgment in favor of PwC. The district court also granted PwC’s NRCP 68 motion for attorney fees based on Tricarichi’s rejection of a 2021 offer of judgment. Tricarichi later filed a motion for relief from judgment under NRCP 60(b) based on newly-discovered evidence, which was denied by the district court. Tricarichi now appeals from the district court’s judgment following the bench trial (Docket No. 86317), the post-judgment order awarding attorney fees and costs (Docket No. 87375), and the post-judgment order denying a motion for relief under NRCP 60(b) (Docket No. 87835).