The Delaware Court of Chancery, in Otto Candies, LLC, et al. v. KPMG, LLP, et al., C.A. No. 2018-0435-MTZ, memo. op. (Del. Ch. Aug. 21, 2020, found that an auditor was not vicariously liable for negligence of its foreign affiliate through an agency relationship or as part of a joint venture.
NEW: Foley & Lardner discusses the decision in Delaware Affirms Limitation of Vicarious Liability Within Global Networks.
$$$ Law360 discusses the decision in KPMG Once Again Ducks $1B Negligence Claims In Chancery.