|
New Cases For the Week of July 16, 2007 - July 20, 2007
Brought to you by BKINFORMATION.COM - The Source for Business Bankruptcy Information on the Internet
Click here to search prior New Opinion summaries.
July 20, 2007 |
Case |
Court |
Holding |
July 18, 2007 |
Case |
Court |
Holding |
In re: Teleglobe Communications Corp.
(DBN Subscription Required) |
3rd Cir. |
In bankruptcy proceedings involving suits brought by a bankrupt company's subsidiaries against Canada's largest telecommunications company, which had previously owned the subsidiaries' parent company, an order compelling production of certain attorney-client privileged documents is vacated and remanded as the district court's factual findings did not support setting aside the parent company's privilege |
Fehribach v. Ernst & Young LLP
(DBN Subscription Required) |
7th Cir. |
In a suit charging a bankrupt company's auditor with negligence and breach of contract in failing to include a going-concern qualification in an audit report, summary judgment for defendant is affirmed where: 1) an auditing firm has no duty to investigate matters external to a company in order to determine whether the company will continue to be a going concern; and 2) plaintiff's suit was barred by the one-year statute of limitations in Indiana's Accountancy Act. |
| |
|
|
|