In a significant decision this summer, Schneider v. Finmann, 15 NY3d 306 (2010), the Court of Appeals loosened the privity requirements in legal malpractice actions. Specifically, in Schneider, the ...

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The best approach for our analysis is to start with the seminal case on privity in the accountants' liability context. Chief Judge Benjamin Cardozo in Ultramares Corporation v. Touche et al. addressed ...

No, not a privy, “privity”! Trust me, it’s different. So what, then, is a “privity”? Well, first off, privity is not a thing. Instead, it is a concept. For now, think magnets. I’ll come back to that ...