Bowler v. Arthur Andersen, LLP

Gants, Ralph D., J.

The plaintiff Julianne Bowler, the Massachusetts Commissioner of Insurance (“the Commissioner”), as Permanent Receiver of the Trust Insurance Company (“Trust”), has brought this Amended Complaint against the defendant Arthur Andersen, LLP (“Andersen”) alleging that the Commissioner reasonably relied to her detriment on Andersen’s audit opinion regarding the accuracy of Trust’s 1997 financial statements and, as a result, delayed until July 26, 2000 to petition the Supreme Judicial Court to declare Trust insolvent, resulting in greater losses than if she had earlier…