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Cont'l Cas. Co. v. Pricewaterhousecoopers

Appellate Division of the Supreme Court of New York, First Department
Dec 30, 2008
57 A.D.3d 411 (N.Y. App. Div. 2008)

Opinion

Nos. 4920, 4920A, 4920B.

December 30, 2008.

Judgments, Supreme Court, New York County (Karla Moskowitz, J.), entered January 7, 2008, dismissing the actions pursuant to an order, same court and Justice, entered November 9, 2007, which granted defendant's motion for summary judgment, unanimously affirmed, with costs. Appeal from above order unanimously dismissed, without costs, as subsumed in the consolidated appeal from the judgments.

Pachulski Stang Ziehl Jones LLP, New York (Dean A. Ziehl of counsel), for appellants.

Orrick, Herrington Sutcliffe LLP, New York (J. Peter Coll, Jr. of counsel), for respondent.

Before: Lippman, P.J., Gonzalez, Nardelli, Buckley and Acosta, JJ.


Even if plaintiff limited partners' claims of fraudulent inducement are sufficient, as a legal matter, to support a direct claim against the partnership's auditor ( see e.g. Kaufmann v Delafield, 224 App Div 29), they failed to submit evidence to raise an issue of fact in opposition to defendant's prima facie showing that the damages claimed all emanated from losses that took place after the initial investment, did not affect plaintiff's differently from other limited partners, and were therefore derivative ( see generally Abrams v Donati, 66 NY2d 951; see also Gentile v Rossette, 906 A2d 91, 99 [Del 2006] [claims of corporate overpayment]).

In view of the foregoing, it is unnecessary to address appellants' other contentions.


Summaries of

Cont'l Cas. Co. v. Pricewaterhousecoopers

Appellate Division of the Supreme Court of New York, First Department
Dec 30, 2008
57 A.D.3d 411 (N.Y. App. Div. 2008)
Case details for

Cont'l Cas. Co. v. Pricewaterhousecoopers

Case Details

Full title:CONTINENTAL CASUALTY COMPANY et al., Appellants, v…

Court:Appellate Division of the Supreme Court of New York, First Department

Date published: Dec 30, 2008

Citations

57 A.D.3d 411 (N.Y. App. Div. 2008)
2008 N.Y. Slip Op. 10202
869 N.Y.S.2d 506

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