Legal Opinion
Securities Investor Protection Corp. v. BDO Seidman, L. L. P.
New York Court of Appeals
Decided February 20, 2001PublishedCited by 39 opinions
1Opinion of the Court
OPINION OF THE COURT
Ciparick, J.
Once again we are called upon to consider the scope of an accountant’s liability to a non-privy third party for misrepresentations. This time the issues are presented, through certified questions, in the context of the heavily regulated relationships among actors in the financial markets.
Plaintiff Securities Investor Protection Corporation (SIPC) claims that defendant EDO Seidman (EDO), an accounting firm, fraudulently or negligently misinformed federal securities regulators about the precarious financial condition of EDO’s client A.R. Baron & Co., a New…
2Cases cited10 opinions
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- Ultramares Corp. v. ToucheNew York Court of Appeals · 1931
- New York University v. Continental InsuranceNew York Court of Appeals · 1995
- Gaidon v. Guardian Life Insurance Co. of AmericaNew York Court of Appeals · 1999
- Prudential Insurance v. Dewey, Ballantine, Bushby, Palmer & WoodNew York Court of Appeals · 1992
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3Cited by39 opinions
- Dallas Aerospace, Inc., Plaintiff-Counter-Defendant-Appellant v. Cis Air Corporation, Defendant-Counter-Claimant-AppelleeCourt of Appeals for the Second Circuit · 2003
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- Marshall v. Hyundai Motor AmericaDistrict Court, S.D. New York · 2014
- Lasalle National Bank v. Ernst & Young L. L. P.Appellate Division of the Supreme Court of the State of New York · 2001
- RamiroAviles v. S&P Global, Inc.District Court, S.D. Illinois · 2019
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