Parrott v. Coopers & Lybrand, L. L. P.

Rosenberger, J. P.

(dissenting in part). Plaintiff asserte'd various tort claims against defendant, an accounting firm retained by plaintiffs employer Pasadena Capital Corporation (Pasadena) to value plaintiffs minority stock interest when Pasadena exercised its contractual right to buy back his shares. He claims that defendant negligently or fraudulently undervalued his shares by failing to take into account that Pasadena was looking for a buyer for all of its stock. For the reasons below, I would not dismiss plaintiffs negligence claims.

Plaintiff Harold Tod Parrott, currently a resident of…