Bancroft v. Indemnity Insurance Co. of North America

BEN C. DAWKINS, Jr., Chief Judge.

Presented here is an action for damages arising from an alleged breach of contract involving professional accounting services. It is brought by T. O. Bancroft, president of Bancroft Bag Factory, Inc., and his wife, of Monroe, Louisiana, against the professional liability insurer of a firm of Certified Public Accountants practicing in Monroe. 1

The facts forming the basis of the suit occurred during an accountant-client relationship which had existed between plaintiffs and defendant’s insured since approximately 1938, the insured having been employed originally…