Legal Opinion
Eldred v. McGladrey, Hendrickson & Pullen
Supreme Court of Iowa
Decided April 17, 1991No. 89-1606PublishedCited by 15 opinions
1Opinion of the Court
ANDREASEN, Justice.
The plaintiffs in this case are eighteen of approximately 18,000 investors who hold thrift certificates or subordinated debentures issued by MorAmerica Financial Corporation (MorAmerica) and its wholly owned subsidiary the Morris Plan Company of Iowa (Morris Plan). The defendant, McGladrey, Hendrickson & Pullen (McGla-drey), an accounting firm, audited MorAm-erica and Morris Plan in 1983 and issued an independent auditor’s report. Later, the financial conditions of MorAmerica and Morris Plan changed for the worse, and both companies filed for chapter 11 bankruptcy in August…
2Cases cited13 opinions
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- Cammer v. BloomDistrict Court, D. New Jersey · 1989
- Bonhiver v. GraffSupreme Court of Minnesota · 1976
- Fed. Sec. L. Rep. P 96,011 Howard C. Hirsch v. Edmond Du Pont, and Haskins & Sells and New York Stock Exchange, Inc.Court of Appeals for the Second Circuit · 1977
- Ryan v. KanneSupreme Court of Iowa · 1969
8 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Walpert, Smullian & Blumenthal, P.A. v. KatzCourt of Appeals of Maryland · 2000
- Arthur Andersen LLP v. Superior CourtCalifornia Court of Appeal · 1998
- Kenneth Vogel and Lea Vogel v. Foth and Van Dyke Associates, Inc.Court of Appeals for the Eighth Circuit · 2001
- Kohala Agriculture v. Deloitte & ToucheHawaii Intermediate Court of Appeals · 1997
- Utica Mutual Insurance v. Stockdale AgencyDistrict Court, N.D. Iowa · 1995
10 more not listed; retrieve them via the Exa API.