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Home / Courts / N.C. Business Court / Tort/Negligence — Negligent Misrepresentation – Accounting – Corporate – Justifiable Reliance (access required)

Tort/Negligence — Negligent Misrepresentation – Accounting – Corporate – Justifiable Reliance (access required)

Plaintiff, now a former shareholder of the defendant-corporation, complained often about the defendant-accountants’ failure to include certain “commissions receivables” when they calculated the corporation’s share price; nevertheless, due to his desperate financial situation, plaintiff accepted the proffered stock redemption price based on the accountants’ valuation. Where plaintiff admits he knew the true facts underlying the ...

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