Legal Opinion
Nortek, Inc. v. Alexander Grant & Company, Defendants-Third-Party Plaintiffs,appellees-Appellants v. Sani Distributors, Inc., Third-Party
Court of Appeals for the Third Circuit
Decided June 4, 1976No. 75-1030PublishedCited by 30 opinions
1Opinion of the Court
GEE, Circuit Judge:
The Alexander Grant accounting firm was hired by Sani Distributors, owner of the Webb Company, to audit that company and prepare financial statements adequate for registration by a prospective buyer. Nortek, Inc. purchased the Webb Company and now brings this suit for damages, complaining that Grant’s audit underestimated tax liabilities of the Webb Company by $640,000 and that Nortek detrimentally relied on Grant’s report of the financial state of Webb Company in completing its purchase of that company. The district court granted defendant’s motion for summary judgment. We…
2Cases cited8 opinions
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- AR Moyer, Inc. v. GrahamSupreme Court of Florida · 1973
- Parrent v. Midwest Rug Mills, Inc.Court of Appeals for the Seventh Circuit · 1972
- Cyril M. HUDAK, Plaintiff-Appellee, v. ECONOMIC RESEARCH ANALYSTS, INC., and Richard W. McIntyre, Defendants-AppellantsCourt of Appeals for the Fifth Circuit · 1974
- State Street Trust Co. v. ErnstNew York Court of Appeals · 1938
3 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- First Fla. Bank, NA v. Max Mitchell & Co.Supreme Court of Florida · 1990
- Fed. Sec. L. Rep. P 97,842 Joseph Vigman v. Community National Bank & Trust Co.Court of Appeals for the Fifth Circuit · 1981
- Fed. Sec. L. Rep. P 98,391 Roger L. Summer v. Land & Leisure, Inc., Roger L. Summer, Cross-Appellee v. Land & Leisure, Inc., Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1981
- Blue Sky L. Rep. P 71,497, Fed. Sec. L. Rep. P 96,928 William W. McNeal Cross-Appellee v. Paine, Webber, Jackson & Curtis, Inc., Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1979
- David L. Wood, R. E. Evans, Tommy J. Head and David Tirey, Jr. v. Combustion Engineering, Inc.Court of Appeals for the Fifth Circuit · 1981
25 more not listed; retrieve them via the Exa API.