Bank of New Orleans & Trust Co. v. Monco Agency, Inc.

CLARK, Chief Judge:

The Bank of New Orleans and Trust Company (BNO) appeals from the district court’s summary judgment dismissing its negligence claim against Arthur Young & Company (Arthur Young) on the ground that the claim was prescribed under Louisiana’s one-year statute of limitations governing negligence actions. Finding that BNO has properly alleged that Arthur Young is liable to BNO in solido with other defendants who were timely sued, we hold that litigation against those defendants interrupted prescription under Louisiana law. We reverse the district court’s judgment and remand for…