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 LLPOpinion
January 7, 2005.
Fraud — What Constitutes.