Legal Opinion
Foothill Capital Corp. v. Grant Thornton, L. L. P.
Appellate Division of the Supreme Court of the State of New York
Decided October 31, 2000PublishedCited by 11 opinions
1Opinion of the Court
Order, Supreme Court, New York County (Herman Cahn, J.), entered March 7, 2000, which, insofar as appealed from, denied defendant-appellant’s motion to dismiss the complaint as against it pursuant to CPLR 3211 (a) (7) and 3016 (b), unanimously affirmed, with costs.
The complaint states a cause of action against defendant Grant Thornton, L. L. P., an accounting firm, for gross negligence and recklessness sufficient to give rise to an inference of fraud (see, State St. Trust Co. v Ernst, 278 NY 104, 112) in preparing and issuing the audit reports on the year-end 1996 and 1997 financial…
2Cases cited4 opinions
- State Street Trust Co. v. ErnstNew York Court of Appeals · 1938
- Curiale v. Peat, Marwick, Mitchell & Co.Appellate Division of the Supreme Court of the State of New York · 1995
- Fidelity & Deposit Co. v. Arthur Andersen & Co.Appellate Division of the Supreme Court of the State of New York · 1987
- Simon v. Ernst & YoungAppellate Division of the Supreme Court of the State of New York · 1996
3Cited by11 opinions
- Caprer v. NussbaumAppellate Division of the Supreme Court of the State of New York · 2006
- Houbigant, Inc. v. Deloitte & Touche, LLPAppellate Division of the Supreme Court of the State of New York · 2003
- Starr Foundation v. American International Group, Inc.Appellate Division of the Supreme Court of the State of New York · 2010
- Rotterdam Ventures, Inc. v. Ernst & Young, LLPAppellate Division of the Supreme Court of the State of New York · 2002
- Chaikovska v. Ernst & Young, LLPAppellate Division of the Supreme Court of the State of New York · 2005
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