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REILLY v. ERNST & YOUNG, LLP

929 A.2d 1193 (2007)

Barbara REILLY and Thomas Reilly, Appellees v. ERNST & YOUNG, LLP, successor to Arthur Young & Company, Appellant. Barbara L. Reilly and Thomas Reilly, Appellees v. Ernst & Young, LLP successor to Arthur Young & Company, Appellant. Barbara L. Reilly and Thomas Reilly, Appellants v. Ernst & Young, LLP, successor to Arthur Young & Company, Appellee.

Superior Court of Pennsylvania.

Filed July 18, 2007.

Attorney(s) appearing for the Case

Robert L. Byer, Pittsburgh, Lee A. Montgomery, Butler, Kenneth S. Geller, Washington, DC, and Samuel W. Braver, Pittsburgh, for Ernst & Young.

David L. Cook, Butler, William H. Lamb, West Chester, Douglas G. Linn, Butler, Thomas W. King, Butler, Victor H. Pribanic, White Oak, Richard DiSalle, Pittsburgh, Kieran J. Shanahan, Raleigh, NC, Martha S. Helmreich, Pittsburgh and William A. Pietragallo, Pittsburgh, for Reilly.

BEFORE: FORD ELLIOTT, P.J., HUDOCK, JOYCE, STEVENS, MUSMANNO, KLEIN, BENDER, McCAFFERY, and PANELLA, JJ.

OPINION BY PANELLA, J.:

¶ 1 Appellee/Cross-Appellant, Ernst & Young, LLP ("Ernst & Young"), successor to Arthur Young & Company, appeals from the judgment entered on April 23, 2004, in the Court of Common Pleas of Butler County. After careful review, we vacate and remand for a new trial.

¶ 2 The instant action arises out of the execution of a Ponzi scheme, wherein interests in real property owned by Canterbury Village, Inc., were oversold...

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