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COLONIAL BANK v. RIDLEY & SCHWEIGERT

88-928, 88-970.

551 So.2d 390 (1989)

The COLONIAL BANK OF ALABAMA v. RIDLEY & SCHWEIGERT, et al. JAMISON, MONEY, FARMER & COMPANY v. The COLONIAL BANK OF ALABAMA.

Supreme Court of Alabama.

September 22, 1989.

Attorney(s) appearing for the Case

Thomas Troy Zieman, Jr. and Joseph R. Sullivan of Miller, Hamilton, Snider & Odom, Mobile, and George M. Van Tassell, Jr. of Sadler, Sullivan, Herring & Sharp, Birmingham, for appellant/cross-appellee.

Henry E. Simpson of Lange, Simpson, Robinson & Somerville, Birmingham, for appellee Ridley & Schweigert.

Robert M. Girardeau of Huie, Fernambucq & Stewart, Birmingham, for appellee/cross-appellant Jamison, Money, Farmer & Co.

HOUSTON, Justice.

The accounting firm of Ridley & Schweigert ("Ridley"), was employed by Leedy Mortgage Company, Inc. ("Leedy"), to audit financial statements for its fiscal years ending April 30, 1979, 1980, and 1981. In 1982, the accounting firm of Jamison, Money, Farmer & Company ("Jamison"), replaced Ridley and audited financial statements for Leedy for the fiscal years ending April 30, 1982 and 1983. The annual financial statements were audited by Ridley...

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