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A Judge in Tazewell County awards $75 million of damages is awarded to Juan Valena, Josef Berlin, Anna Foster, Phillipa Jackson, and Sadir Bahqin from
A Judge in Tazewell County awards $75 million of damages is awarded to Juan Valena, Josef Berlin, Anna Foster, Phillipa Jackson, and Sadir Bahqin from International Supply Company, Inc. and its auditors - Chatterton and Gibson, CPA. Juan, Josef, and Anna all have individual net worths in excess of $15 million each. Phillipa's personal net worth is $150,000 and Sadir's net worth is $100,000. The Judge determines the auditors responsible of the lawsuit is 10%. What is Chatterton and Gibson, CPA's responsibility to pay under the strictly proportionate liability approach? 3,750,000 7,500,000 11,500,000 11,250,000
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