MONTREAL _ The Supreme Court of Canada has denied Coopers & Lybrand leave to appeal a court decision holding it liable for professional negligence related to work it performed for Castor Holdings Ltd. before the Montreal real estate investment firm went bankrupt in 1992. Lawyers say the ruling "extinguishes any hope" that the auditing firm can evade liability for its actions and "the resultant harm suffered by third parties who relied on its opinions when deciding to invest in or lend money to Castor."
Most Popular Stories
- Crimean Referendum Violates International Law: Obama
- House OKs $1 Billion for Ukraine
- BP Tripled CEO's Pay Despite Deepwater Horizon
- EU Breaks Off Talks With Russia
- Where Are the World's Most Expensive Cities?
- Putin Gets Thumbs-up From Assad
- Nakamoto 'No Longer Involved' in Bitcoin
- Florida Insurers Reach Out to Hispanics
- Cuba Accepts Invite for Talks With EU
- Disney Lays Off 700 From Interactive Unit