Standard Chartered PLC v. Price Waterhouse

OPINION

FIDEL, GARBARINO and WEISBERG, Judges.

The plaintiffs are Standard Chartered PLC, a British banking corporation^ and two of its subsidiaries, Standard Chartered Bank and Standard Chartered Overseas Holdings, Ltd. (collectively “SC”). The defendant is Price Waterhouse, an accounting firm (“PW”). SC brought this action as assignee or successor in interest to certain tort and statutory damages claims owned originally by Union Bancorp of California (“Union”) and United Bank of Arizona (“United”). The gravamen of the action is that Union was caused to buy United, a bank that it would not…