Court of Appeals of New York
SECURITIES INVESTOR PROTECTION CORP v. BDO SEIDMAN LLP, 2 No. 11
A plaintiff may not recover against an accountant for fraudulent misrepresentations made to a third party where the third party did not communicate those misrepresentations to the plaintiff, but where defendant knew that the third party was required to communicate any negative information to the plaintiff and plaintiff relied to his detriment on the absence of any such communication. A plaintiff may not recover against an accountant for negligent misrepresentation where the plaintiff had only minimal direct contact with the accountant, but where the transmittal to the plaintiff of any negative information the accountant reported was the 'end and aim' of the accountant's performance."
Appellate Information
- Decided 02/20/2001
- Published 02/20/2001
Judges
Court
- Court of Appeals of New York