Legal Opinion
American Tissue, Inc. v. Arthur Andersen, L.L.P.
District Court, S.D. New York
Decided May 5, 2003No. 02 Civ. 7751(SAS)PublishedCited by 10 opinions
1Opinion of the Court
OPINION AND ORDER
SGHEINDLIN, District Judge.
American Tissue, Inc. (“ATI”), a Chapter 11 bankruptcy debtor-in-possession, is suing Arthur Andersen, L.L.P. (“Andersen”) for its allegedly negligent certification of certain ATI financial (misstatements. Because the false financials were the work of ATI’s sole shareholders, ATI lacks standing to bring these claims, which rightly accrue to ATI’s creditors. The case is therefore dismissed for want of subject matter jurisdiction. See Fed. R.Civ.P. 12(b)(1).
I. BACKGROUND
The following facts are drawn from ATI’s complaint in this case (“Compl.”), its…
2Cases cited21 opinions
- Conley v. GibsonSupreme Court of the United States · 1957
- Warth v. SeldinSupreme Court of the United States · 1975
- Natalia Makarova v. United StatesCourt of Appeals for the Second Circuit · 2000
- Pepper v. LittonSupreme Court of the United States · 1939
- Gwaltney of Smithfield, Ltd. v. Chesapeake Bay Foundation, Inc.Supreme Court of the United States · 1987
16 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- American Tissue, Inc. v. Donaldson, Lufkin & Jenrette Securities Corp.District Court, S.D. New York · 2004
- Grubin v. Rattet (In Re Food Management Group, LLC)United States Bankruptcy Court, S.D. New York · 2008
- RGH Liquidating Trust v. Deloitte & Touche LLPAppellate Division of the Supreme Court of the State of New York · 2008
- Marshall v. First National Bank AlaskaAlaska Supreme Court · 2004
- Wilson-Combs v. California Department of Consumer AffairsDistrict Court, E.D. California · 2008
5 more not listed; retrieve them via the Exa API.