SYLLABUS

(This syllabus is not part of the opinion of the Court. It has been prepared by the Office of the Clerk for the convenience of the reader. It has been neither reviewed nor approved by the Supreme Court. Please note that, in the interests of brevity, portions of any opinion may not have been summarized).

Cast Art Industries, LLC v. KPMG LLP (A-51/52-10) (066891)

Argued September 13, 2011 -- Decided February 16, 2012

WEFING, P.J.A.D. (temporarily assigned), writing for a unanimous Court.

In this accounting malpractice action, the Court considers whether plaintiffs Cast Art Industries, LLC, and its shareholders (together, Cast Art), a non-client third party to an audit performed by defendant KPMG LLP, satisfied the prerequisites for imposing liability under the Accountant Liability Act, N.J.S.A. 2A:53A-25.