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TRICONTINENTAL INDUST. v. PRICEWATERHOUSECOOPERS

No. 05-4322.

475 F.3d 824 (2007)

TRICONTINENTAL INDUSTRIES, LIMITED and Tricontinental Distribution, Limited, Plaintiffs-Appellants, v. PRICEWATERHOUSECOOPERS, LLP, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 17, 2007.

Attorney(s) appearing for the Case

Jason M. Rosenthal, Schopf & Weiss, Chicago, IL, Allan B. Diamond, Michael S. Truesdale, (argued), Diamond, McCarthy, Taylor, Finley & Lee, Houston, TX, for Plaintiffs-Appellants.

Robert J. Kopecky, James J. Boland, (argued), Kirkland & Ellis, Chicago, IL, for Defendant-Appellee.

Before BAUER, RIPPLE and WOOD, Circuit Judges.

RIPPLE, Circuit Judge.

Tricontinental Industries Limited and Tricontinental Distribution Limited (collectively "Tricontinental") instituted this action against PricewaterhouseCoopers, LLP ("PwC"), for negligent misrepresentation, common law fraud and securities fraud. These allegations related to statements that PwC had made regarding the financial worth of its client, Anicom, Inc. ("Anicom") during negotiations involving the sale of Tricontinental's assets for Anicom...

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