Jones v. Wells Fargo Bank

Opinion

EPSTEIN, J.

Plaintiff Michael Jones appeals from a judgment of dismissal following the sustaining of a demurrer in a suit involving a shared appreciation loan made to a partnership of which he is a limited partner. Jones alleged that the loan and a later forbearance agreement were usurious, unconscionable, and unfair, and that arranging them breached defendants’ fiduciary duty to the partnership and its limited partners. The trial court sustained the defendants’ demurrer to all causes of action, without leave to amend. We find no error in the trial court’s ruling. We affirm the judgment.