California Supreme Court vacates Union Bank case.In a follow-up follow-up, n the process of monitoring the progress of a patient after a period of active treatment. follow-up subsequent. follow-up plan to a case reported on in the July 1991 Legal Scene, the California Supreme Court vacated the appellate court A court having jurisdiction to review decisions of a trial-level or other lower court. An unsuccessful party in a lawsuit must file an appeal with an appellate court in order to have the decision reviewed. opinion in Union Bank v. Ernst & Whinney. The appellate court had ruled Ernst was not liable to Union Bank, which allegedly relied on Ernst's review report in extending $7 million in credit to ZZZZ Best ZZZZ Best A company owned by Barry Minkow in the 1980s. Through such means as forgery and theft, Minkow appeared to be building a multimillion dollar corporation. ZZZZ Best went public in December of 1986, eventually reaching a market capitalization of over $200 million (U.S. Co. Because of the decertification, the appellate Relating to appeals; reviews by superior courts of decisions of inferior courts or administrative agencies and other proceedings. court's opinion will not serve as case precedent for future accountant-liability cases. (Union Bank v. Ernst & Whinney, 91 Daily Journal D.A.R. 6119) |
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