Lasalle National Bank v. Ernst & Young L. L. P.
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
*103OPINION OF THE COURT
Tom, J.
In this case we return to the recently active legal area of the negligence liability of accountants to third parties with whom they are not in privity. Here, we examine the element of “linkage” required by the third prong of the Credit Alliance test (Credit Alliance Corp. v Arthur Andersen & Co., 65 NY2d 536), and more recently articulated in Parrott v Coopers & Lybrand (95 NY2d 479) and Securities Investor Protection Corp. v BDO Seidman (95 NY2d 702). We also examine whether a cause of action for fraud against the defendant accounting firm may survive CPLR 3211…
2Cases cited14 opinions
- Fourth Ocean Putnam Corp. v. Interstate Wrecking Co.New York Court of Appeals · 1985
- Security Pacific Business Credit, Inc. v. Peat Marwick Main & Co.New York Court of Appeals · 1992
- Parrott v. Coopers & Lybrand, L. L. P.New York Court of Appeals · 2000
- Strauss v. Belle Realty Co.Appellate Division of the Supreme Court of the State of New York · 1983
- Securities Investor Protection Corp. v. BDO Seidman, L. L. P.New York Court of Appeals · 2001
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3Cited by69 opinions
- Anwar v. Fairfield Greenwich Ltd.District Court, S.D. New York · 2010
- Amcan Holdings, Inc. v. Canadian Imperial Bank of CommerceAppellate Division of the Supreme Court of the State of New York · 2010
- Houbigant, Inc. v. Deloitte & Touche, LLPAppellate Division of the Supreme Court of the State of New York · 2003
- Air Atlanta Aero Engineering Ltd. v. SP Aircraft Owner I, LLCDistrict Court, S.D. New York · 2009
- Barrett v. FreifeldAppellate Division of the Supreme Court of the State of New York · 2009
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