Teich v. Arthur Andersen & Co.

Order, entered on July 30, 1963, reversed, on the law, with $30 costs and disbursements to abide the event; defendants’ motion for summary judgment in all respects denied; and plaintiff’s request for summary judgment denied. There are issues of fact requiring a trial. The action is brought against the National Malleable and Steel Castings Company (National) and its auditors by a purchaser of its common stock. The plaintiff’s causes of action are grounded upon the alleged fraudulent concealment or misrepresentations with respect to National’s financial condition in the failure of disclosure in…