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CHEM. BANK v. LOUIS STERNBACH & CO.

91 A.D.2d 518 (1982)

Chemical Bank, Respondent, v. Louis Sternbach & Company, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

December 7, 1982

Plaintiff Chemical Bank alleges that it extended credit to Wahl Associates, Incorporated, in reliance upon certified 1972 and 1973 financial statements that were negligently prepared by defendant, a firm of certified public accountants. The Statute of Limitations for accounting malpractice is three years from the date of the commission of the alleged malpractice (Carr v Lipshie, 8 A.D.2d 330, affd 9 N.Y.2d 983

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