Legal Opinion
William Iselin & Co. v. Landau
New York Court of Appeals
Decided March 22, 1988PublishedCited by 59 opinions
1Opinion of the Court
OPINION OF THE COURT
Dillon, J.
An accountant is not immune from liability to a lender for *423negligence in reviewing a borrower’s financial statements and rendering an uncertified report (Review Report), but where, as here, the lender failed to offer evidence of a relationship sufficiently approaching privity between the lender and the accountant, summary judgment was properly granted to the accountant (see, Credit Alliance Corp. v Andersen & Co., 65 NY2d 536).
Plaintiff, William Iselin & Co., Inc. (Iselin), is a corporation engaged in factoring and commercial finance. In 1976 Iselin began acting…
2Cases cited4 opinions
- Zuckerman v. City of New YorkNew York Court of Appeals · 1980
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Friends of Animals, Inc. v. Associated Fur Manufacturers, Inc.New York Court of Appeals · 1979
- Westpac Banking Corp. v. DeschampsNew York Court of Appeals · 1985
3Cited by59 opinions
- Ossining Union Free School District v. AndersonNew York Court of Appeals · 1989
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- Security Pacific Business Credit, Inc. v. Peat Marwick Main & Co.New York Court of Appeals · 1992
- Alpert v. Shea Gould Climenko & CaseyAppellate Division of the Supreme Court of the State of New York · 1990
- Bullmore v. Ernst & Young Cayman IslandsAppellate Division of the Supreme Court of the State of New York · 2007
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