Legal Opinion
Federal Deposit Ins. Corp. v. Main Hurdman
District Court, E.D. California
Decided March 3, 1987No. CIV S-85-552 LKKPublishedCited by 56 opinions
1Opinion of the Court
ORDER
KARLTON, Chief Judge.
The Federal Deposit Insurance Corporation (“FDIC”) has sued KMG Main Hurd-man (“KMG”) in three counts: fraud, negligent misrepresentation, and accountant malpractice. It premises the jurisdiction of this court on 12 U.S.C. § 1819 1 , and seeks compensatory and punitive damages in the approximate sum of 140 Million Dollars.
In essence, the FDIC claims that KMG was the accounting firm for Holt Leasing Company and pursuant to that employment provided financial statements which it knew or should have known were to be used by Holt in obtaining credit. It further alleges…
2Cases cited38 opinions
- Warth v. SeldinSupreme Court of the United States · 1975
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Allen v. WrightSupreme Court of the United States · 1984
- Valley Forge Christian College v. Americans United for Separation of Church and State, Inc.Supreme Court of the United States · 1982
- Flast v. CohenSupreme Court of the United States · 1968
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3Cited by56 opinions
- United States of America, Ex Rel. Kevin G. Kelly v. The Boeing CompanyCourt of Appeals for the Ninth Circuit · 1993
- Federal Deposit Insurance Corporation, a United States Corporation v. Bank of Boulder, a Colorado CorporationCourt of Appeals for the Tenth Circuit · 1990
- Ramirez v. Ghilotti Bros.District Court, N.D. California · 2013
- Reinsdorf v. Skechers U.S.A., Inc.District Court, C.D. California · 2013
- Kohler v. Islands Restaurants, LPDistrict Court, S.D. California · 2012
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