Rockrock Group, LLC v. Value Logic, LLC

Lawrence-Berrey, A.C. J.

¶ 1 — An appraiser’s liability for negligent misrepresentation is limited to the person or one of a limited group of persons for whose benefit and guidance he or she intended to supply the appraisal report or knew the recipient intended to supply it. Here, Value Logic LLC appraised two properties and negligently reported the values of those properties to be much greater than their true values. The members of two limited liability companies (LLCs) relied on the reports. However, the reports were intended only for the benefit and guidance of RiverBank, the lender in the…