Brower v. Davidson, Deckert, Schutter & Glassman, P.C.

KENNEDY, Judge.

This is a malpractice case. The defendants are attorneys and an accountant. The negligence alleged against them is that they failed to complete within 12 months the distribution to the stockholders of the assets of a liquidating corporation, under a Section 337 liquidation, I.R.C. § 337 (1958). The injury alleged is that the plaintiffs, who were the sole shareholders of the liquidated corporations, were subjected to a claim by the Internal Revenue Service for additional income taxes, a claim ultimately settled by plaintiffs’ payment of a substantial sum.

The trial court granted…