In Hercules Managements V

In Hercules Managements v. Ernst & Young the court decided that:

A) The defendant did not breach the standard of care.
B) There was no liability because the claim was for pure economic loss.
C) There was no special or proximate relationship between the parties.
D) It was not reasonable for the plaintiffs to have relied on the financial statements in the circumstances.
E) It would limit the scope of the duty of care of accountants due to fears of unlimited liability