Legal Opinion
Imark Industries, Inc. v. Arthur Young & Co.
Court of Appeals of Wisconsin
Decided August 25, 1987No. 86-1125PublishedCited by 8 opinions
1Opinion of the CourtMoser, P.J.
The central issue in this case involves the liability of an accounting firm for the negligent preparation of an audit report relied on by a third party not in privity. Arthur Young & Company (AY) appeals from a judgment affirming a jury verdict finding that AY negligently misrepresented the financial status of National Control Systems, Inc. (NCS) in an audit AY prepared for NCS which was relied on by Imark Industries, Inc. (Imark), and awarding Imark $425,800 in damages. Imark cross-appeals arguing that the trial court erred in its award of prejudgment interest. In addition, Joel B. Konicek…
2Cases cited20 opinions
- Wirth v. EhlyWisconsin Supreme Court · 1980
- Pierringer v. HogerWisconsin Supreme Court · 1963
- Ollerman v. O'Rourke Co., Inc.Wisconsin Supreme Court · 1980
- Teamsters Local 282 Pension Trust Fund v. Anthony G. AngelosCourt of Appeals for the Seventh Circuit · 1985
- Citizens State Bank v. Timm, Schmidt & Co.Wisconsin Supreme Court · 1983
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3Cited by8 opinions
- Fed. Sec. L. Rep. P 97,620 Edmund J. Wentzka and Dona J. Wentzka v. Larry Gellman and Blunt, Ellis & Loewi, Inc.Court of Appeals for the Seventh Circuit · 1993
- Kohala Agriculture v. Deloitte & ToucheHawaii Intermediate Court of Appeals · 1997
- Imark Industries, Inc. v. Arthur Young & Co.Wisconsin Supreme Court · 1989
- Haack v. TempleCourt of Appeals of Wisconsin · 1989
- Blenker Bldg. Sys., Inc. v. Array Fin. Servs.District Court, W.D. Wisconsin · 2018
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