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Federal Courts -
1st Circuit Court of Appeals - February 7 - February 12, 2007
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Wetmore v. MacDonald, Page, Schatz, Fletcher & Co., LLC, No. 06-2103,
UNITED STATES COURT OF APPEALS FOR THE FIRST CIRCUIT, February 12, 2007, Decided
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Overview: Fed. R. Civ. P. 12(b)(6) dismissal of complaint claiming that an accounting firm committed professional negligence, breach of contract, and negligent misrepresentation when it appraised a business was reversed because causation was alleged. Protections afforded by buy-sell provisions that set a bidding floor relied on an accurate initial valuation.
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