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eBook details

• Title: Tricontinental Industries, Limited v. Price Water House Coopers, LLP
• Author : United States Court of Appeals for the Federal Circuit
• Release Date : January 17, 2007
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 90 KB

Description

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 Tricontinentals assets for Anicom stock. The district court dismissed Tricontinentals original, amended and second amended complaints for failure to state a claim, see Fed. R. Civ. P. 12(b)(6), and for failure to plead fraudulent conduct with the specificity required by Federal Rule of Civil Procedure 9(b). Tricontinental timely appealed. For the reasons set forth in this opinion, we affirm the judgment of the district court.

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