Business Fraud Claims Against Mortgage Company Rejected by Judge

A real estate investor sued a mortgage banker and its chief executive officer for fraud, negligent misrepresentation, and breach of fiduciary duty. The plaintiff, who was seeking $500,000 in damages, brushed off the defendant’s $20,000 settlement offer and chose to go to trial.  At the end of a 12-day bench trial, the judge ruled in favor of the defendants on all counts and awarded defendants their costs.

Location

Superior Court of California, County of Sacramento

Counsel

Mark H. Van Brussel

Related Industries

  • Financial Services

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