Our last article addressed privity in connection with accountants’ liability in actions brought by non-clients, with a focus on New York jurisprudence. Now we look to the law of its sister and most contiguous states to determine whether New York law is consistent with current trends. Privity is one of the key and most dynamic concepts in the law of professional liability, especially with respect to accountants.
By examining the law in sister states, it becomes more apparent “privity” generally is no longer the rule or determining fact in professional liability cases irrespective of the professional status. This article will address the consistency of New York law with the law of its closest sister states and show our state is now in line with the development of the law in other states.
New York Law
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