Publication Date: 2019-03-13
Practice Area: Business Torts
Industry: Financial Services and Banking | Energy
Court: Court of Chancery
Judge: Vice Chancellor Zurn
Attorneys: For plaintiff: David E. Ross, Ross, Aronstam & Moritz LLP, Wilmington, DE; Terry L. Wit, A. William Urquhart, Juan P. Morillo, Derek L. Shaffer, and Lauren H. Dickie, Quinn Emanuel Urquhart & Sullivan, LLP, San Francisco, CA and Washingto, DC for plaintiffs.
for defendant: Kevin R. Shannon, Matthew F. Davis, and Christopher N. Kelly, Potter Anderson & Corroon LLP, Wilmington, DE; Gregory G. Ballard and Jose F. Sanchez, Sidley Austin LLP, New York, NY; Todd Schlitz, Drinker Biddle & Reath LLP, Wilmington, DE; Robert A. Scher and Jonathan H. Friedman, Foley & Lardner LLP, New York, NY; Timothy J. Houseal, Jennifer M. Kinkus, and William E. Gamgort, Young Conaway Stargatt & Taylor LLP, Wilmington, DE; Ana C. Reyes, Williams & Connolly, Washington, DC, attorneys for defendants.
Case Number: D68489
Plaintiffs' negligent misrepresentation claim against their debtor's auditing firm dismissed where the court lacked personal jurisdiction over foreign subsidiaries and where there was no privity of contract or special relationship between plaintiffs and auditor or justifiable reliance on alleged misrepresentations.