Read Lundy, Inc. v. the W.A. Trust Compy. of Westerly, 99-2859 (2002)

DECISION

This action comes before the Court on the defendant's motion for summary judgment. The plaintiffs, Read Lundy, Inc. ("Read Lundy") and Cliff McFarland ("McFarland"), have brought suit against the defendant, The Washington Trust Company of Westerly ("Washington Trust"), for claims arising out of a loan made by First Bank and Trust Company ("First Bank"), the predecessor in interest to Washington Trust, to Consigned Systems, Inc. ("CSI"), a direct competitor of Read Lundy. In their first amended complaint, plaintiffs state four causes of action: breach of implied contract, violations of…