Legal Opinion
Idaho Bank & Trust Co. v. First Bancorp of Idaho
Idaho Supreme Court
Decided April 26, 1989No. 17101PublishedCited by 27 opinions
1Opinion of the Court
SHEPARD, Chief Justice.
This case presents the question of the liability of a certified public accounting firm to a person not a party to the auditing contract. Maiij Hurdman contracted with First Bank & Trust to examine and give an opinion on the financial statements of First Bank & Trust. That audit was completed and an opinion provided to First Bank & Trust. At a later time, as a result of a buy out, Bancorp gained control over First Bank & Trust. In connection with that transaction, Bancorp obtained a loan from Idaho Bank & Trust. In connection with that loan, Bancorp provided Idaho Bank &…
2Cases cited10 opinions
- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- H. Rosenblum, Inc. v. AdlerSupreme Court of New Jersey · 1983
- Raritan River Steel Co. v. Cherry, Bekaert & HollandSupreme Court of North Carolina · 1988
- Touche Ross & Co. v. Commercial Union Ins. Co.Mississippi Supreme Court · 1987
- Nortek, Inc. v. Alexander Grant & Company, Defendants-Third-Party Plaintiffs,appellees-Appellants v. Sani Distributors, Inc., Third-PartyCourt of Appeals for the Third Circuit · 1976
5 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Bily v. Arthur Young & Co.California Supreme Court · 1992
- Grant Thornton LLP v. Prospect High Income FundTexas Supreme Court · 2010
- Thayer v. HicksMontana Supreme Court · 1990
- Walpert, Smullian & Blumenthal, P.A. v. KatzCourt of Appeals of Maryland · 2000
- Diamond v. Farmers Group, Inc.Idaho Supreme Court · 1990
22 more not listed; retrieve them via the Exa API.