Introducing ATLASLearn more
Legal Opinion

Board of Trustees of Community College District No. 508 v. Lybrand

Illinois Supreme Court

Decided December 18, 2003No. 94676PublishedCited by 37 opinions

1Opinion of the CourtJustice Kilbride

The Board of Trustees of Community College District No. 508 (Board) sued the accounting firms of Coopers & Lybrand (Coopers) and Arthur Andersen (Andersen). The Board sought more than $50 million in compensatory damages, allegedly resulting from the failure of those firms to discover and report to the Board inappropriate investments made by Phillip R. Luhmann, the treasurer and chief financial officer of City Colleges of Chicago (City Colleges). The Board sought damages in tort from both Andersen and Coopers, jointly and severally, and also sought damages resulting from breach of contract…

2Cases cited26 opinions

  1. Pedrick v. Peoria & Eastern RailroadIllinois Supreme Court · 1967
  2. Moorman Manufacturing Co. v. National Tank Co.Illinois Supreme Court · 1982
  3. Maple v. GustafsonIllinois Supreme Court · 1992
  4. Best v. Taylor MacHine WorksIllinois Supreme Court · 1997
  5. Alvis v. RibarIllinois Supreme Court · 1981

21 more not listed; retrieve them via the Exa API.

3Cited by37 opinions

  1. Millennium Park Joint Venture, LLC v. HoulihanIllinois Supreme Court · 2010
  2. Robinson v. McNeil Consumer HealthcareCourt of Appeals for the Seventh Circuit · 2010
  3. Thornton v. GARCINIIllinois Supreme Court · 2010
  4. Orvil Hassebrock v. Robert BernhoftCourt of Appeals for the Seventh Circuit · 2016
  5. Peterson v. McGladrey & Pullen, LLPCourt of Appeals for the Seventh Circuit · 2012

32 more not listed; retrieve them via the Exa API.

Showing a preview — retrieve the full document via the Exa API.

View API DocsGet API Key

Powered by the Exa API