Court of Appeals for the Seventh Circuit December 7, 2000, 00-1718 (The Whitlock Corporation, Formerly Known as Apex Automotive Warehouse, L.P. v. Deloitte & Touche, L.L.P.)

EASTERBROOK, Circuit Judge.

In January 1995 Apex Automotive Warehouse, a wholesaler of auto parts, purchased from WSR Corporation the stock of Whitlock Corporation, a retailer of auto parts. As is common in transactions

of

this kind, the closing price was calculated on the basis of pro forma financial statements that the seller had prepared, and whose accuracy the seller warranted. See

LHLC Corp.