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NORTEK, INC. v. ALEXANDER GRANT & CO.

No. 75-1030.

532 F.2d 1013 (1976)

NORTEK, INC., Plaintiff-Appellant, v. ALEXANDER GRANT & COMPANY et al., Defendants-Third-Party Plaintiffs, Appellees-Appellants, v. SANI DISTRIBUTORS, INC., et al., Third-Party Defendants-Appellees.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied August 5, 1976.

Attorney(s) appearing for the Case

Bernard R. Pollock, John F. Bomster, Providence, R. I., Paul, Landy & Beiley, Lawrence R. Heller, Miami, Fla., George Chimento, Providence, R. I., for plaintiff-appellant.

Robert Orseck, Robert L. Parks, Miami, Fla., Howard L. Kastel, Chicago, Ill., for Alexander Grant & Co.

Morton P. Brown, North Miami, Fla., for Sani Dist. Inc., et al.

Before BROWN, Chief Judge, TUTTLE and GEE, Circuit Judges.

Rehearing Denied August 5, 1976. See 536 F.2d 624.

GEE, Circuit Judge:

The Alexander Grant accounting firm was hired by Sani Distributors, owner of the Webb Company, to audit that company and prepare financial statements adequate for registration by a prospective buyer. Nortek, Inc. purchased the Webb Company and now brings this suit for damages, complaining that Grant's audit underestimated tax liabilities of the Webb Company...

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