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RAYMOND CORP. v. COOPERS & LYBRAND

105 A.D.2d 926 (1984)

Raymond Corporation et al., Respondents, v. Coopers & Lybrand, Appellant and Third-Party Plaintiff-Appellant, et al., Defendant. Lee Wolf, Third-Party Defendant-Respondent, et al., Third-Party Defendant

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

November 15, 1984

The Raymond Corporation (Raymond) retained Coopers & Lybrand (C & L) to prepare an audit and annual financial statement for two Illinois corporations, Associated Material Handling Industries, Inc. (Associated) and AMHI Services, Inc. (AMHI), from 1956 to 1978 to determine the value of the shares of stock of both corporations which Raymond proposed to purchase from Edward Allen, the sole stockholder. The amended complaint in this action by Raymond, Associated and AMHI...

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