GFN Corp. v. KPMG Peat Marwick

GFN Corporation, a Delaware corporation, appeals the entry of a final judgment in favor of the defendants below, KPMG Peat Marwick and its partners, in an action for negligence in accounting, auditing, and actuarial services. Because the record is devoid of evidence to support GFN’s claim for damages, we affirm.

GFN is a wholly-owned subsidiary of GFN Ltd. (LTD). The Insurance Company of Florida (ICF) is a defunct wholly-owned subsidiary of GFN. KPMG provided annual accounting, auditing, and actuarial services to GFN and its subsidiaries from 1984 through 1992. In February 1990, KPMG first…