Legal Opinion
White v. Guarente
New York Court of Appeals
Decided December 21, 1977PublishedCited by 277 opinions
1Opinion of the Court
OPINION OF THE COURT
Cooke, J.
The issue posed is whether accountants retained by a limited partnership to perform auditing and tax return services may be held responsible to an identifiable group of limited partners for negligence in the execution of those professional services. We hold that, at least on the facts here, an accountant’s liability may be so imposed.
Plaintiff is a limited partner in Guarente-Harrington Associ*359ates (Associates), a limited partnership formed in early 1968 for the stated purpose of serving "as a hedge fund through which the funds of its Partners may be utilized in…
2Cases cited15 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Guggenheimer v. GinzburgNew York Court of Appeals · 1977
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- Lawrence v. . FoxNew York Court of Appeals · 1859
10 more not listed; retrieve them via the Exa API.
3Cited by277 opinions
- Bayerische Landesbank, New York Branch v. Aladdin Capital Management LLCCourt of Appeals for the Second Circuit · 2012
- Dallas Aerospace, Inc., Plaintiff-Counter-Defendant-Appellant v. Cis Air Corporation, Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2003
- Cuffy v. City of New YorkNew York Court of Appeals · 1987
- Palka v. Servicemaster Management Services Corp.New York Court of Appeals · 1994
- Bily v. Arthur Young & Co.California Supreme Court · 1992
272 more not listed; retrieve them via the Exa API.