INVESTORS REIT ONE v. JACOBS

No. 88-982.

46 Ohio St. 3d 176 (1989)

INVESTORS REIT ONE, APPELLANT, v. JACOBS ET AL., APPELLEES. INVESTORS REIT TWO, APPELLANT, v. FORTMAN ET AL., APPELLEES.

Supreme Court of Ohio.

Decided November 8, 1989.


Attorney(s) appearing for the Case

Crabbe, Brown, Jones, Potts & Schmidt, Charles E. Brown, Steven B. Ayers, Jill T. Fleishman, Strip, Fargo, Schulman & Hoppers, A. C. Strip, John Z. Fargo and Michael P. Vasko, for appellants.

Vorys, Sater, Seymour & Pease, David S. Cupps, F. James Foley and Charles P. Hurley, for appellees.

Squire, Sanders & Dempsey, David J. Young, Kevin R. McDermott, Michael W. Pettit and Kim L. Swanson, urging affirmance for amicus curiae, Ohio Society of Certified Public Accountants.


JOHN V. CORRIGAN, J.

The issue presented for our consideration by the appellant-trusts, IRO and IRT, queries whether the discovery rule is available to extend the governing statute of limitations on the claims of IRO and IRT against the accountant-defendants for negligence. The "discovery rule" generally provides that a cause of action accrues for purposes of the governing statute of limitations at the time when the plaintiff discovers or, in the exercise of reasonable...

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