Legal Opinion
Ultramares Corp. v. Touche
New York Court of Appeals
Decided January 6, 1931PublishedCited by 880 opinions
1Opinion of the Court
Cardozo, Ch. J.
The action is in tort for damages suffered through the misrepresentations of accountants, the first cause of action being for misrepresentations that were merely negligent and the second for misrepresentations charged to have been fraudulent.
In January, 1924, the defendants, a firm of public accountants, were employed by Fred Stern & Co., Inc., to prepare and certify a balance sheet exhibiting the condition of its business as of December 31, 1923. They had been employed at the end of each of the three years preceding to render a like service. Fred Stern & Co., Inc., which was…
2Cases cited33 opinions
- MacPherson v. . Buick Motor Co.New York Court of Appeals · 1916
- Glanzer v. . ShepardNew York Court of Appeals · 1922
- Lawrence v. . FoxNew York Court of Appeals · 1859
- H. R. Moch Co. v. Rensselaer Water Co.New York Court of Appeals · 1928
- Robins Dry Dock & Repair Co. v. FlintSupreme Court of the United States · 1927
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3Cited by880 opinions
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Collins v. Morgan Stanley Dean WitterCourt of Appeals for the Fifth Circuit · 2000
- East River Steamship Corp. v. Transamerica Delaval Inc.Supreme Court of the United States · 1986
- Moorman Manufacturing Co. v. National Tank Co.Illinois Supreme Court · 1982
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