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COLEMAN v. PRICEWATERHOUSECOOPERS, LLC

No. 589,2003.

854 A.2d 838 (2004)

Richard COLEMAN, Carl Sledz, Marietta Dennis, Steven Coleman and Shane Lynagh, Plaintiffs Below, Appellants, v. PRICEWATERHOUSECOOPERS, LLC, Defendant Below, Appellee.

Supreme Court of Delaware.

Decided: July 16, 2004.

Attorney(s) appearing for the Case

Kevin William Gibson, Esquire, of Gibson & Perkins P.C., Wilmington, Delaware; Attorneys for Appellants.

Gregory V. Varallo, Esquire, and Lisa M. Zwally, Esquire, of Richards, Layton & Finger, Wilmington, Delaware; Of Counsel: Martin L. Perschetz, Esquire, and Joanna Goldenstein, Esquire, of Schulte Roth & Zabel, New York, New York; Attorneys for Appellee.

Before STEELE, Chief Justice, BERGER and JACOBS, Justices.

JACOBS, Justice.

The plaintiffs, who are former owners of Digital Imaging & Technologies, Inc. ("DIT"), sold that firm to Lason, Inc. ("Lason"), a company later found to have engaged in fraudulent accounting practices. At the closing of the sale of DIT, Lason paid only a portion of the purchase price. Because Lason thereafter filed for bankruptcy, it became unable to pay the balance of the purchase price. Accordingly, the plaintiffs sued Lason's public accounting...

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