3713 REVIEW DENIED Allegations that accountants knew with substantial certainty that their findings would be distributed to potential and existing shareholders to induce them to invest or to hold onto their stock were sufficient to plead duty in negligent misrepresentation and fraud claims against them; allegations of the date plaintiffs bought stock and the amounts paid were specific enough to plead reliance; allegations of forbearance to sell stock or rescind purchase agreements require specificity regarding the number of shares plaintiffs would have sold and when they would have sold them; a disclaimer stating that accountants expressed no opinion regarding the financial statements they issued did not prevent liability, if they knew the financial statements to be false or acted with a reckless disregard for their truth.

MURPHY v BDO SEIDMAN (Inaccurate Audit) 113 CA4 687 [See: Bily v Arthur Young 3 C4 370, T/AT 11/92; Lazar v Superior Court 12 C4 631, T/AT 2/96; Small v Fritz 30 C4 167 T/AT 5/03]