St. Paul Fire & Marine Insurance v. Touche Ross & Co.

I. STATEMENT OF CASE

The defendants-appellees, Touche Ross & Company, now known as Deloitte & Touche, and Deloitte & Touche, hereinafter collectively referred to as Touche, successfully demurred to the operative petition filed against it by the plaintiff-appellant, St. Paul Fire & Marine Insurance Company, on the grounds that no cause of action had been stated and, further, that any cause of action which might have existed is time-barred. Following St. Paul’s refusal to amend, the district court dismissed the lawsuit. St. Paul asserts, in summary, that in so ruling, the district court…