Legal Opinion
Parrott v. Coopers & Lybrand, L. L. P.
New York Court of Appeals
Decided December 14, 2000PublishedCited by 65 opinions
1Opinion of the Court
OPINION OF THE COURT
Wesley, J.
This case requires us to examine, once again, the tripartite standard, set forth by this Court in Credit Alliance Corp. v Andersen & Co. (65 NY2d 536), for the functional equivalent of privity in a cause of action for negligent misrepresentation. We conclude, as did the Appellate Division, that plaintiff has not satisfied the test and his complaint must be dismissed.
Harold Parrott was employed by Pasadena Capital Corporation, a privately held investment advisor firm located in California. Pursuant to a January 1992 stock purchase agreement, Parrott purchased over…
2Cases cited6 opinions
- White v. GuarenteNew York Court of Appeals · 1977
- Ossining Union Free School District v. AndersonNew York Court of Appeals · 1989
- Prudential Insurance v. Dewey, Ballantine, Bushby, Palmer & WoodNew York Court of Appeals · 1992
- White v. City of New YorkNew York Court of Appeals · 1993
- State of California Public Employees' Retirement System v. Shearman & SterlingNew York Court of Appeals · 2000
1 more not listed; retrieve them via the Exa API.
3Cited by65 opinions
- Mandarin Trading Ltd. v. WildensteinNew York Court of Appeals · 2011
- J.A.O. Acquisition Corp. v. StavitskyNew York Court of Appeals · 2007
- Anwar v. Fairfield Greenwich Ltd.District Court, S.D. New York · 2010
- Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2006
- Houbigant, Inc. v. Deloitte & Touche, LLPAppellate Division of the Supreme Court of the State of New York · 2003
60 more not listed; retrieve them via the Exa API.