ITT Small Business Finance Corp. v. Niles

Opinion

LUCAS, C. J.

This is a professional negligence action brought against an attorney, defendant Edward I. Niles, based on Niles’s alleged failure to exercise reasonable care in preparation of loan documents for plaintiff ITT Small Business Finance Corporation (hereafter ITT). Although Niles prevailed on summary judgment after the trial court concluded that the action was time barred, ITT persuaded the Court of Appeal to reinstate its cause of action. We now consider the narrow issue whether ITT suffered “actual injury” under the one-year statute of limitations for attorney malpractice…