This section contains the nature of the case and procedural background.

P was formed to purchase Mindis Corporation. After the purchase was complete, P discovered that the inventory value of Mindis was less than what appeared on Mindis's financial statements. P then sued Mindis's accountants, D, for negligent misrepresentation, contending that D was negligent in its audit of the financial statements. The trial court instructed the jury that damages were to be determined by the standard used in fraud and deceit cases, a benefit-of-the-bargain standard. The jury found in favor of P and awarded $44 million. The Court of Appeals rejected D's contention that the jury was charged on an improper fraud standard of damages and affirmed the jury's verdict. The Supreme Court of Georgia granted certiorari.

The legal issues presented in this case will be displayed here.

The court's holding and decision will be displayed here.

Legal analysis from Dean's Law Dictionary will be displayed here.