Legal Opinion

Ernst & Young & Ernst & Young, LLP v. Bankruptcy Services, Inc. (In Re CBI Holding Co.)

District Court, S.D. New York

Decided June 30, 2004No. Bankruptcy No. 94-B-438129(BRL). No. 01-CIV-0131 (KMW)PublishedCited by 45 opinions

1Opinion of the Court

OPINION & ORDER

KIMBA M. WOOD, District Judge.

Ernst & Young and Ernst & Young, LLP (collectively, “Ernst & Young”) appeal from a judgment of the United States Bankruptcy Court (Burton R. Lifland, Judge) in an adversary proceeding. The bankruptcy court found Ernst & Young liable for breach of contract, negligence, negligent misrepresentation and fraud in connection with Ernst & Young’s pre-petition auditing of the financial statements of a company that petitioned for bankruptcy. The bankruptcy court entered judgment against Ernst & Young for approximately $70 million, and expunged Ernst &…

2Cases cited41 opinions

  1. Warth v. SeldinSupreme Court of the United States · 1975
  2. Steel Co. v. Citizens for a Better EnvironmentSupreme Court of the United States · 1998
  3. Baker v. CarrSupreme Court of the United States · 1962
  4. Northern Pipeline Construction Co. v. Marathon Pipe Line Co.Supreme Court of the United States · 1982
  5. Granfinanciera, S.A. v. NordbergSupreme Court of the United States · 1989

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3Cited by45 opinions

  1. American International Group, Inc. v. GreenbergCourt of Chancery of Delaware · 2009
  2. Bankruptcy Services, Inc. v. Ernst & Young (In Re CBI Holding Co.)Court of Appeals for the Second Circuit · 2008
  3. Brian Bash v. Textron Financial CorporationCourt of Appeals for the Sixth Circuit · 2016
  4. American International Group, Consol. Deriv. Lit.Court of Chancery of Delaware · 2009
  5. Baena v. KPMG LLPCourt of Appeals for the First Circuit · 2006

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