Read the full judgment text of on BabelCite. was delivered on 7 August 1990.
1. In this action, the plaintiff ("OTB") claimed damages from the defendants ("Coppers"), its former auditors, for alleged professional neglience. OTB's action has now been settled; but before it was settled, Coopers brought into the action, as First Third Party, a firm of accountants practising in Bahrain and known as Peat, Marwick, Mitchell & Co. ("Peats"). Peats applied for an order to dismiss these third party proceedings, complaining in essence that the proceedings were an abuse of the proc