Lawrence Insurance Group, Inc. v. KPMG Peat Marwick L.L.P.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtMugglin, J.
Appeal from an order of the Supreme Court (Kramer, J.), entered August 29, 2003 in Schenectady County, which, inter alia, partially denied defendant’s motion for summary judgment dismissing the complaint.
Plaintiff is a holding company. One of its wholly owned subsidiaries was United Community Insurance Company (hereinafter UCIC). From 1986 through 1993, plaintiff retained defendant to furnish various accounting services for it and its subsidiaries. One of defendant’s tasks was to perform an actuarial review of the sufficiency of the capital reserves of UCIC. Defendant performed its audit of…
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