Big Boi Co., a U.S. publicly traded company regulated by the SEC and its auditor Chappelle CPA were recently found liable in a civil case pursuant to the Securities Exchange Act of 1934. The judgment entered against the codefendants totaled $10,000,000, proportionately liable 70% to 30% respectively. Before the judgment, however, Big Boi entered bankruptcy proceedings and became insolvent.
In this case, how much is Chappelle CPA liable for? If they were found jointly and severally liable, how much would Chappelle CPA be liable for?