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

Related Industries

  • Financial Services

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