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SEABOARD SUR. CO. v. GARRISON, WEBB & STANALAND

No. 86-3255.

823 F.2d 434 (1987)

SEABOARD SURETY COMPANY, Plaintiff-Appellant, v. GARRISON, WEBB & STANALAND, P.A., f/k/a Stanaland, Blackwell & Company, P.A. and William Stanaland, Defendants-Appellees.

United States Court of Appeals, Eleventh Circuit.

August 3, 1987.

Attorney(s) appearing for the Case

Norman L. Hull, Orlando, Fla., for plaintiff-appellant.

Andrew A. Graham, Melbourne, Fla., for defendants-appellees.

Before RONEY, Chief Judge, KRAVITCH and EDMONDSON, Circuit Judges.

PER CURIAM:

This case arises out of a financial audit of Advance Contractors, Inc. performed at its request by the defendant certified public accountants. This audit was relied upon by plaintiff Seaboard Surety Company, a bonding company, when it wrote three performance bonds for the contractor. When the contractor defaulted on its construction contract and went bankrupt, Seaboard allegedly lost over $1,400,000. The bonding company, claiming the audit failed to reveal...

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