Lincoln Grain, Inc. v. Coopers & Lybrand

On February 24, 1977, Lincoln Grain, Inc. (Lincoln), sued its accountants, Coopers & Lybrand (C&L), for malpractice in rendering audits for fiscal periods ending in 1973, 1974, and 1975. In a trial pursuant to Neb. Rev. Stat. § 25-221 (Reissue 1979), the District Court held that the 2-year statute of limitations of Neb. Rev. Stat. § 25-222 (Reissue 1979) barred Lincoln’s claims against C&L regarding 1973 and 1974, and dismissed Lincoln’s action for those years. The District Court also concluded that any cause of action for 1975’s audit was filed within time. Lincoln has appealed from the…