KLAPMEIER v. PEAT, MARWICK, MITCHELL & CO.

No. 5-72 Civ. 26.

363 F.Supp. 1212 (1973)

James E. KLAPMEIER et al., Plaintiffs, v. PEAT, MARWICK, MITCHELL & CO., Defendant.

United States District Court, D. Minnesota, Fifth Division.

September 6, 1973.


Attorney(s) appearing for the Case

Rider, Bennett, Egan, Johnson & Arundel, by Stuart W. Rider, Jr., Minneapolis, Minn., for plaintiffs.

Gray, Plant, Mooty & Anderson, by Robert E. Bowen, and Lloyd V. Anderson, Jr., Minneapolis, Minn., for defendant.


NEVILLE, District Judge.

FACTS

Plaintiff Klapmeier and others have brought this action against defendant Peat, Marwick, Mitchell & Co. (Peat, Marwick), a firm of independent certified public accountants, alleging that certain financial reports of Telecheck International, Inc. (TCI) prepared by defendant contained false and misleading information and omissions. Plaintiffs claim they were induced by reports certified by Peat, Marwick including TCI's 1968...

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