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HOUBIGANT, INC. v. DELOITTE

303 A.D.2d 92 (2003)

753 N.Y.S.2d 493

HOUBIGANT, INC., et al., Respondents-Appellants, v. DELOITTE & TOUCHE, LLP, Appellant-Respondent, et al., Defendants.

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

January 21, 2003.

Attorney(s) appearing for the Case

John W. Schryber of counsel, Washington, D.C. (Mary E. Flynn, New York City, and Kieran X. Bastible on the brief; Patton Boggs, LLP, and Morrison Cohen Singer & Weinstein, LLP, attorneys), for respondents-appellants.

Michael P. Carroll of counsel (Jerome G. Snider, Michael S. Flynn, William C. Komaroff, Matthew S. Stewart and Susan L. Shin on the brief; Davis Polk & Wardwell, attorneys), for appellant-respondent.

NARDELLI, J.P., BUCKLEY, ELLERIN and MARLOW, JJ., concur.

OPINION OF THE COURT

SAXE, J.

This appeal focuses on claims of accounting malpractice and fraud against Deloitte and Touche LLP (Deloitte). Plaintiffs Houbigant, Inc. and Etablissement Houbigant (collectively, Houbigant) own the trademarks for various perfumes, the marketing and sales of which they licensed to various subsidiaries of Renaissance Cosmetics, Inc. (RCI) beginning in 1994. RCI and another of its subsidiaries, Cosmar Corp., executed guaranties...

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