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NATIONAL CITY BANK v. COOPERS & LYBRAND

No. C1-86-2224.

409 N.W.2d 862 (1987)

NATIONAL CITY BANK, as Indenture Trustee for Holders of Gambles Credit Corporation, etc., Appellants, v. COOPERS & LYBRAND, Respondent.

Court of Appeals of Minnesota.

Review Denied October 21, 1987.

Attorney(s) appearing for the Case

Allen D. Barnard, James C. Daracles, Best & Flanagan, Minneapolis, for appellants.

Robert R. Weinstine, Darron C. Knutson, Steven C. Tourek, Winthrop & Weinstine, St. Paul, for respondent; Hughes, Hubbard & Reed, Washington, D.C., of counsel.

Heard, considered, and decided by RANDALL, P.J., and WOZNIAK and NIERENGARTEN, JJ.

OPINION

WOZNIAK, Judge.

Appellant National City Bank (NCB) appeals from the summary judgment entered in favor of respondent Coopers & Lybrand (C & L). NCB brought this action against C & L as indenture trustee for noteholders of two sets of notes issued by Gambles Credit Corporation (GCC), alleging negligence in C & L's audit of GCC's financial affairs, misrepresentation, and breach of contract...

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