American Exchange Pacific Bank v. Touche

These are actions to recover damages for injury to property. Section 48 of the Civil Practice Act prescribes that such an action must be commenced within six years after the cause of action has accrued, except in a case where a different period is expressly prescribed. The causes of action are based upon an alleged incorrect audit by the defendants, a firm of accountants, of the accounts and records of a third party, the preparation therefrom of a balance sheet purporting to show the financial condition of the business of such party, and the certification of the correctness of the same over…