10/05/2006
New York Court Limits Duty to Third Party for Opinion Letter Provided by Attorneys in Sale of Corporate Assets
Mega Group, Inc. v. Pechenik & Curro, P.C., 819 N.Y.S. 2d 796 (2006)
Brief Summary
The court held that while the opinion letter provided in this corporate transaction did create a duty to the third party purchaser, the duty was not violated when the opinion letter contained only the information requested in the sales agreement and did not address the issue in controversy.
Hinshaws Lawyers for the ProfessionSM Alert can also be viewed at http://www.lawyeringlaw.com