KPMG Peat Marwick v. Asher

OPINION

DARDEN, Judge.

STATEMENT OF THE CASE

KPMG Peat Marwick appeals the trial court’s summary judgment ruling that Missouri substantive law applies to the plaintiffs’ class action claim against it, and the denial of its motion for summary judgment on the plaintiffs’ claims of negligent accounting and fraud.

We affirm in part and reverse in part.

ISSUES

1. Whether the trial court correctly determined that Missouri law governs this action.

2. Whether the plaintiff farmers could recover on a negligent accounting claim.

3. Whether the plaintiff farmers could recover on a fraud claim.

FACTS

In 1990,…