Ultramares Corp. v. Touche, Niven & Co. | New York (1931) | 174 NE 441, 255 NY 170, 255 NYS 170

There is an intentional fraud... The fraudulent misrepresentation, so here we are going to let third-parties pursue a suit, because we don't mind punishing intentional tortfeasors... Problem with negligent misrepresentation and third-parties is that you have to show the duty…