ERNST & YOUNG LLP v. REID

No. 09-735.

2010 Ark. 255

ERNST & YOUNG LLP, Appellant, v. BENJAMIN H. REID, JR. and WILLIAM B. STELL, INDIVIDUALLY AND AS TRUSTEE OF THE W.B. STELL CHARITABLE REMAINDER UNITRUST, Appellees.

Supreme Court of Arkansas.

Opinion Delivered May 27, 2010.


JIM HANNAH, Chief Justice.

Ernst & Young, LLP (E&Y) appeals from a judgment entered in Sebastian County Circuit Court finding E&Y liable for fraud, constructive fraud, and professional negligence. Compensatory and punitive damages were awarded to appellees Benjamin H. Reid, Jr., and to William R. Stell, individually and as Trustee of the W.B. Stell Charitable Remainder Unitrust. E&Y asserts multiple points on appeal including that the action was precluded...

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