Soderberg v. Detroit Bank & Trust Co.

The parties appeal and cross-appeal by right from an order dated June 12, 1981, granting the plaintiffs’ motion for summary judgment but limiting liability of each defendant to $10,000.

Plaintiffs Ralph B. Soderberg and Lawrence V. Kimbrell filed separate actions in the Wayne County Circuit Court against several defendants for damages to valuable stamp collections, allegedly caused by a flood in the basement of defendant Detroit Bank and Trust Company’s MackHillcrest Branch Bank. Plaintiffs’ original complaint alleged strict liability, implied warranty of merchantability, express warranty,…