Legal Opinion
First Interstate Credit Alliance, Inc. v. Arthur Andersen & Co.
New York Supreme Court
Decided September 2, 1988PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
Edward J. Greenfield, J.
Defendant accounting firm moves for a protective order pursuant to CPLR 3122 so that it will not be required to disclose documents used in its audits of its client, which are claimed to be privileged under the law of the client’s principal place of business.
This is an action by a lender who claims it was induced to advance substantial funds to a now-bankrupt debtor because of its reliance on defendant’s audit, which it alleges to have been misleading, and a "sham”. The debtor, L.B. Smith, Inc., had its principal place of business in Maryland. Audit…
2Cases cited5 opinions
- Dixon v. BennettCourt of Special Appeals of Maryland · 1987
- Application of CepedaDistrict Court, S.D. New York · 1964
- Associates Discount Corp. v. CaryCivil Court of the City of New York · 1965
- Hare v. Family Publications Service, Inc.District Court, D. Maryland · 1971
- Wood v. American Airlines, Inc.New York Supreme Court · 1979
3Cited by1 opinion
- First Interstate Credit Alliance, Inc. v. Arthur Andersen & Co.Appellate Division of the Supreme Court of the State of New York · 1989