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ML-LEE ACQUISITION FUND v. DELOITTE

No. 2391.

463 S.E.2d 618 (1995)

ML-LEE ACQUISITION FUND, L.P., Appellant, v. DELOITTE & TOUCHE, Respondent.

Court of Appeals of South Carolina.

Decided August 21, 1995.

Rehearing Denied November 17, 1995.

Attorney(s) appearing for the Case

Wilburn Brewer, Jr., Marcus A. Manos and Jennifer J. Aldrich, of Nexsen, Pruet, Jacobs & Pollard, Columbia; and John D. Hughes, of Hutchins, Wheeler & Dittmar, Boston, MA, for appellant.

Jefferson V. Smith, Jr., of Carter, Smith, Merriam, Rogers & Traxler, of Greer; James T. Williams, Jr., and S. Leigh Rodenbough, IV, of Brooks, Pierce, McLendon, Humphrey & Leonard, Greensboro, NC, for respondent.

HOWELL, Chief Judge:

In this negligent misrepresentation case, ML-Lee Acquisition Fund, L.P. (ML-Lee) appeals the trial court's grant of summary judgment in favor of Deloitte & Touche (Deloitte). We affirm in part, reverse in part, and remand.

I.

Emb-Tex Corporation (Emb-Tex), formed in 1962, is a textile embroidery facility in Travelers Rest, South Carolina. Emb-Tex was a subsidiary and sole material asset of ETC Corporation (ETC). Until 1979...

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