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CAE INDUS. LTD. v. KPMG PEAT MARWICK

193 A.D.2d 470 (1993)

597 N.Y.S.2d 402

Cae Industries Ltd. et al., Appellants, v. KPMG Peat Marwick, Also Known as Peat Marwick Main & Co., Also Known as Peat Marwick Mitchell & Company, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

May 18, 1993

The present lawsuit arises out of a transaction pursuant to which plaintiff CAE Industries Ltd. purchased four companies, referred to in this litigation as the "Link Companies", from Aerospace Holdings Company, a subsidiary of the Singer Company. The agreed upon purchase price was $550 million subject to adjustments to be computed on the basis of pre- and post-closing audits of the Link Companies, either performed or to be performed...

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