Eastern Corporate Federal Credit Union v. Peat, Marwick, Mitchell & Co.
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM
TAURO, District Judge.
Plaintiff, a disappointed investor in the financially troubled Penn Square Bank (“Penn Square”), seeks damages from the defendant accountants who performed an audit of the bank. Plaintiffs complaint asserts federal RICO causes of action, as well as various state law claims.
In the latter part of 1981, defendant Peat, Marwick, Mitchell & Co. (“Peat Mar-wick”) entered into an agreement with Penn Square to perform an independent audit of that bank’s financial condition as of December 31, 1981. Peat Marwick issued a report of its audit on March 19, 1982. Plaintiff…
2Cases cited19 opinions
- Sedima, S. P. R. L. v. Imrex Co.Supreme Court of the United States · 1985
- United Steelworkers of America v. R. H. Bouligny, Inc.Supreme Court of the United States · 1965
- Superior Oil Co. v. FulmerCourt of Appeals for the Eighth Circuit · 1986
- Northern Trust Bank/O'hare, N.A. v. Inryco, Inc.District Court, N.D. Illinois · 1985
- Bank of America National Trust & Savings Association v. Touche Ross & CompanyCourt of Appeals for the Eleventh Circuit · 1986
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- Fleet Credit Corporation v. Anthony SionCourt of Appeals for the First Circuit · 1990
- Galerie Furstenberg v. CoffaroDistrict Court, S.D. New York · 1988
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