United States Third Circuit

A claim of negligence cannot sustain a deepening-insolvency cause of action. Summary judgment for defendants in an action brought by a bankruptcy trustee for an insolvent internet company against an accountant and his employer is affirmed where a malpractice claim failed since plaintiff could not establish harm or causation, and a deepening-insolvency claim failed because he could not establish a genuine factual issue to support an allegation that defendant engaged in fraudulent conduct.

Appellate Information

• Argued 04/27/2006
• Decided 05/26/2006
• Published 05/26/2006

Judges

• AMBRO, Circuit Judge., Before AMBRO and FUENTES, Circuit Judges, and IRENAS, District Judge.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Neal A. Jacobs, Joshua A. Gelman, Matthew I. Cohen, (Argued), Jacobs Law Group, Philadelphia, PA, for Appellant.


• For Appellees:
  
• Jonathan K. Hollin, (Argued), Powell, Trachtman, Logan, Carrle & Lombardo, King of Prussia, PA, for Appellee.