1. Home
  2. Browse Decisions
  3. A.2d
  4. 529 A.2d
  5. 529 A.2d 254 (1987)
 

KAPLAN v. PEAT, MARWICK, MITCHELL & CO.

Civ. A. No. 7124.

529 A.2d 254 (1987)

Bernard KAPLAN, Martin Fox and Warren Opal, trustees, on behalf of the Chase Manhattan Corporation, derivatively, Plaintiffs, v. PEAT, MARWICK, MITCHELL & CO., Defendant, and The Chase Manhattan Corporation, Nominal Defendant.

Court of Chancery of Delaware, New Castle County.

Decided: May 12, 1987.

Attorney(s) appearing for the Case

Thomas G. Hughes and Mark D. Sisk, of Hughes and Sisk, Wilmington, Jerome M. Congress (argued), and Virginia A. LoPreto, of Milberg, Weiss, Bershad, Specthrie & Lerach, New York City, Carol A. Broderick, of Greenfield & Chimicles, Haverford, Pa., for plaintiffs.

Allen M. Terrell, Jr. and Kevin G. Abrams, of Richards, Layton & Finger, Wilmington, Victor M. Earle, III (argued), William T. Hegarty, and Allen S. Joslyn, of Cahill, Gordon & Reindel, New York City, for defendant Peat, Marwick, Mitchell & Co.

Robert K. Payson, of Potter Anderson & Corroon, Wilmington, for Chase Manhattan Corp.

OPINION

JACOBS, Vice-Chancellor.

This stockholder's derivative action was brought on behalf of The Chase Manhattan Corporation and its wholly-owned subsidiary, The Chase Manhattan Bank (collectively "Chase"), against Chase's former accountants, Peat, Marwick, Mitchell & Co. ("PMM"), for damages allegedly sustained as a result of financial dealings in which PMM had acted as Chase's independent auditor. The plaintiffs charge that PMM breached its duty...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases