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Sterling Natl. Bank v. Ernst Young, LLP

Supreme Court of the State of New York
Jan 7, 2005
9 Misc. 3d 1129 (N.Y. Misc. 2005)

Summary

In Sterling, the bank sued the auditor of the debtor company for fraud as well as aiding and abetting fraud, in connection with a "clean" audit report issued to the bank regarding the debtor's financial health, and the defendant auditor sought to dismiss the claims, arguing, inter alia, that the bank failed to plead fraud with particularity, that the defendant was unaware of the debtor's fraud, and that the alleged misrepresentations in the report did not proximately cause the bank's loss.

Summary of this case from Tatintsian v. Pryor Cashman LLP

Opinion

January 7, 2005.


Fraud — What Constitutes.


Summaries of

Sterling Natl. Bank v. Ernst Young, LLP

Supreme Court of the State of New York
Jan 7, 2005
9 Misc. 3d 1129 (N.Y. Misc. 2005)

In Sterling, the bank sued the auditor of the debtor company for fraud as well as aiding and abetting fraud, in connection with a "clean" audit report issued to the bank regarding the debtor's financial health, and the defendant auditor sought to dismiss the claims, arguing, inter alia, that the bank failed to plead fraud with particularity, that the defendant was unaware of the debtor's fraud, and that the alleged misrepresentations in the report did not proximately cause the bank's loss.

Summary of this case from Tatintsian v. Pryor Cashman LLP

In Sterling, plaintiff sued a company's auditor for fraud and abetting fraud after the company's principals pleaded guilty to bank fraud.

Summary of this case from Chomicki v. Bank of Am., N.A.
Case details for

Sterling Natl. Bank v. Ernst Young, LLP

Case Details

Full title:STERLING NATL. BANK v. ERNST YOUNG, LLP

Court:Supreme Court of the State of New York

Date published: Jan 7, 2005

Citations

9 Misc. 3d 1129 (N.Y. Misc. 2005)
2005 N.Y. Slip Op. 51850

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