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MARCUS BROS. TEXTILES v. PRICE WATERHOUSE

No. 188A98.

513 S.E.2d 320 (1999)

350 N.C. 214

MARCUS BROTHERS TEXTILES, INC. v. PRICE WATERHOUSE, LLP (formerly Price Waterhouse), and John Does I-V, individually and as members of Price Waterhouse.

Supreme Court of North Carolina.

April 9, 1999.

Attorney(s) appearing for the Case

White and Crumpler, by Dudley A. Witt and Laurie A. Schlossberg, Winston-Salem, for plaintiff-appellee.

Womble Carlyle Sandridge & Rice, P.L.L.C., by Hada V. Haulsee and John J. Bowers, Winston-Salem; Smith Helms Mulliss & Moore, L.L.P., by James G. Exum, Jr., Greensboro, Thomas D. Myrick, and Corby Anderson, Charlotte; and Steven M. Witzel, pro hac vice, New York, NY, for defendant-appellant.

Brooks, Pierce, McLendon, Humphrey & Leonard, L.L.P., by L.P. McLendon, Jr., James T. Williams, Jr., and Jennifer L. Bolick, Greensboro, on behalf of the American Institute of Certified Public Accountants, amicus curiae.

WAINWRIGHT, Justice.

Plaintiff Marcus Brothers Textiles, Inc. (Marcus Brothers) is a New York-based converter of textiles that buys unfinished woven material, has it finished by independent contractors, and sells it to apparel manufacturers or retailers of fabric for home sewing. Prior to filing for bankruptcy in 1993, Piece Goods Shops Company, L.P. (Piece Goods) was a North Carolina-based retailer of fabrics, patterns, sewing notions, needlecraft supplies, and sewing...

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