TFC BANKING AND SAV., F.A. v. ARTHUR YOUNG & CO.

Civ. No. 4-87-809.

706 F.Supp. 1408 (1988)

TCF BANKING AND SAVINGS, F.A., Plaintiff, v. ARTHUR YOUNG & COMPANY, Defendant.

United States District Court, D. Minnesota, Fourth Division.

April 14, 1988.


Attorney(s) appearing for the Case

Frank A. Dvorak, Stephen P. Kelley and Thomas C. Power, Mackall, Crounse & Moore, Minneapolis, Minn. (Gregory J. Pulles, TCF Banking & Savings, F.A., Corporate Banking, Minneapolis, Minn., of counsel), for plaintiff.

James S. Simonson, Gray, Plant, Mooty, Mooty & Bennett, Minneapolis, Minn., John Matson, Arthur Young, New York City, for defendant.


MEMORANDUM AND ORDER

MacLAUGHLIN, District Judge.

This matter is before the Court on defendant's motion to dismiss for failure to state a claim upon which relief can be granted. Defendant's motion will be granted in part and denied in part.

FACTS

Plaintiff TCF Banking and Savings, P.A. (TCF) is a stock savings and loan association chartered under federal law with a place of business in Minnesota. Defendant Arthur Young & Co. is a professional...

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