Legal Opinion
Credit Alliance Corp. v. Arthur Andersen & Co.
New York Supreme Court
Decided May 13, 1983PublishedCited by 3 opinions
1Opinion of the Court
OPINION OF THE COURT
Edward J. Greenfield, J.
Plaintiffs’ motion to reargue is granted and upon reargument the court decides as follows:
Plaintiffs, financial service companies, provided financing to L.B. Smith, Inc. of Virginia (Smith), a seller and lessor of heavy construction equipment. As part of a request for increased financing, Smith submitted a copy of its consolidated financial statement, prepared by the defendant accounting firm, Arthur Andersen & Co. The financial statement was dated March 21, 1978, reflecting the financial status of Smith as of December 31, 1976, and December 31,…
2Cases cited15 opinions
- Palsgraf v. Long Island R.R. Co.New York Court of Appeals · 1928
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- White v. GuarenteNew York Court of Appeals · 1977
- Sears, Roebuck & Co. v. Enco Associates, Inc.New York Court of Appeals · 1977
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3Cited by3 opinions
- Board of Managers of Yardarm Beach Condominium v. Vector Yardarm Corp.Appellate Division of the Supreme Court of the State of New York · 1985
- Axel Johnson, Inc. v. Arthur Andersen & Co.District Court, S.D. New York · 1990
- Allied International Bancorp, Inc. v. Peat, Marwick, Mitchell & Co.New York Supreme Court · 1988