The Pennsylvania Superior Court has ruled that the applicability of a key state Supreme Court decision on negligent misrepresentation is not limited to architects, as some previously thought, but instead could pertain to any professional who provides information meant to be relied upon by a third party.
In a case in which a bank has accused an accountant and his firm of negligent misrepresentation related to financial statements prepared on behalf of a commercial loan applicant, the Superior Court reversed a Chester County trial judge’s ruling granting the defendants’ preliminary objections.
