Thos D. Murphy, Jr., Ray Hawkins, Trudi Hestand, and Tracy Hawkins

Summary

The Texas Supreme Court affirmed the district court’s grant of summary judgment on all of the plaintiffs’ claims, holding that the plaintiffs had standing, that there is no cause of action for an implied warranty of accounting services, that the fraud claim fails, and that the statute of limitations for accounting malpractice involving tax advice accrues when the plaintiff knows or should know of the injury under the discovery rule, with the Hughes tolling rule not applying.