Legal Opinion

Coleman v. PRICEWATERHOUSECOOPERS, LLC

Supreme Court of Delaware

Decided July 16, 2004No. 589,2003PublishedCited by 52 opinions

1Opinion of the Court

JACOBS, Justice.

The plaintiffs, who are former owners of Digital Imaging & Technologies, Inc. (“DIT”), sold that firm to Lason, Inc. (“Lason”), a company later found to have engaged in fraudulent accounting practices. At the closing of the sale of DIT, Lason paid only a portion of the purchase price. Because Lason thereafter filed for bankruptcy, it became unable to pay the balance of the purchase price. Accordingly, the plaintiffs sued Lason’s public accounting firm, defendant PricewaterhouseCoop-ers, LLC (“PWC”), in the Superior Court on February 21, 2008.

The plaintiffs claimed that PWC had…

2Cases cited8 opinions

  1. Burkhart v. DaviesSupreme Court of Delaware · 1991
  2. Layton v. AllenSupreme Court of Delaware · 1968
  3. Isaacson, Stolper & Co. v. Artisan's Savings BankSupreme Court of Delaware · 1974
  4. Mastellone v. Argo Oil Corp.Supreme Court of Delaware · 1951
  5. Pioneer National Title Insurance Co. v. Child, Inc.Supreme Court of Delaware · 1979

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3Cited by52 opinions

  1. Wal-Mart Stores, Inc. v. AIG Life InsuranceSupreme Court of Delaware · 2004
  2. Vichi v. Koninklijke Philips ElectronicsCourt of Chancery of Delaware · 2014
  3. Morton v. Sky NailsSupreme Court of Delaware · 2005
  4. Boerger v. HeimanSupreme Court of Delaware · 2009
  5. M.K. v. Prestige Acad. Charter Sch.District Court, D. Delaware · 2018

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