Court Dismisses Substantial Portion of Complaint Against Accounting Firm Based Upon Collateral Estoppel
March 20, 2000

In I. Appel Corporation, et ano. v. Mahoney Cohen & Company, CPA, P.C., et al., a multi-million dollar accountants' malpractice action, Justice Marilyn Shafer of the Supreme Court, New York County granted the defendants' motion to dismiss substantial portions of the complaint on the basis that plaintiffs, an apparel company and its principal, were collaterally estopped by determinations made in a prior arbitration.

(Prior results do not guarantee a similar outcome.)