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BANK OF NEW ORLEANS & TRUST CO. v. MONCO AGENCY

No. 86-3588.

823 F.2d 888 (1987)

The BANK OF NEW ORLEANS AND TRUST COMPANY, First National Bank of Commerce, (Substituted proper party 9-21-83), Plaintiff-Appellant, v. MONCO AGENCY, INC., et al., Defendants, Arthur Young & Company, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

August 11, 1987.

Attorney(s) appearing for the Case

Curtis R. Boisfontaine, Sally A. Shushan, New Orleans, La., for plaintiff-appellant.

Eugene R. Erbstoesser, Associate General Counsel, Arthur Young & Co., New York City, Frank J. Peragine, Christopher M. Guidroz, New Orleans, La., for Arthur Young & Co.

Before CLARK, Chief Judge, BROWN, and JOHNSON, Circuit Judges.

CLARK, Chief Judge:

The Bank of New Orleans and Trust Company (BNO) appeals from the district court's summary judgment dismissing its negligence claim against Arthur Young & Company (Arthur Young) on the ground that the claim was prescribed under Louisiana's one-year statute of limitations governing negligence actions. Finding that BNO has properly alleged that Arthur Young is liable to BNO in solido with other defendants who were timely sued, we hold that...

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