Plaintiff purchased all of the outstanding capital stock of Sorrento Food Service, Inc. (SFS), allegedly in reliance on financial statements audited by the predecessor-in-interest of defendant accounting firm. Plaintiff now alleges that such financial statements were materially false and misleading, and sues defendant in this action for alleged negligence in auditing the financial statements. At the same time, plaintiff is suing the seller of SFS's stock for fraud, inter...
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