Citizens National Bank v. Kennedy & Coe

Three Nebraska banks appeal the Platte County District Court’s ruling that the appellees, all certified public accountants, sire not liable for damages suffered by the banks when a mutual client defaulted on a commercial loan. In this law action, the banks allege fraudulent misrepresentation and negligence on the part of the accountants in connection with the loan. We reverse the trial court and remand the cause for a new trial.

Plaintiffs-appellants and cross-appellees are Citizens National Bank of Wisner, Northwestern National Bank of Omaha, both national banks, and Bank of Leigh, a state…