United States Seventh Circuit

In a suit brought by a Chapter 7 bankruptcy trustee alleging that the bankrupt company was harmed by an accounting firm's breach of its duty of care, summary judgment for defendant is affirmed where: 1) even assuming that defendant was negligent in its statement of the company's earnings, that statement was not the cause of an ill-fated business decision entered into by the company; and 2) the evidence presented did not support the claim for damages. Defendant is authorized to seek attorney's fees in the district court.

Appellate Information

• Argued 02/27/2008
• Decided 03/21/2008
• Published 03/21/2008

Judges

• POSNER, Circuit Judge., Before EASTERBROOK, Chief Judge, and POSNER and WOOD, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Alyssa M. Campbell, Williams Montgomery & John, Chicago, IL, Steven J. Roeder (argued), for Plaintiff-Appellant.


• For Appellees:
  
• James R. Figliulo (argued), Michael K. Desmond, Figliulo & Silverman, Chicago, IL, for Defendant-Appellee.