First National Bank of Commerce (Formerly the Bank of New Orleans & Trust Company) v. Monco Agency Incorporated, Arthur Young & Company

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that litigation “has recently become more pronounced as a consequence of this nation’s saving and loan crisis”
• the Restatement explicitly limits an information supplier’s liability to third parties the supplier “actually knows” will receive the information and will be influenced in their decisions regarding a business transaction
• the Restatement explicitly limits an information supplier’s liability to third parties the supplier “actually knows” will receive the information and will be influenced in their decisions regarding a business transaction
• “The lack of uniformity among the states is attributable to a schism in public policy regarding the measure of liability accountants should bear in favor of third parties for the business errors attributable, in whole or in part, to their work product.”

Source: CourtListener parenthetical corpus (CC0).