Cambridge Biotech Corp. v. Deliotte & Touche

This action alleges that plaintiffs own accountants, defendant Deliotte & Touche, LLP (Deliotte), provided deficient audits to the company in 1991 and 1992 which resulted in plaintiffs bankruptcy. Defendant has moved to dismiss the complaint on statute of limitations and other grounds. For the reasons stated below, defendant’s motion is denied.

BACKGROUND

Plaintiff Cambridge Biotech Corporation contracted with defendant Deloitte & Touche for independent auditor services for fiscal years 1991 and 1992. Defendant conducted the audits and rendered a “Report of Independent Accounts’’ (“Report") for…