Kesselman v. National Bank of Arizona

OPINION

KLEINSCHMIDT, Judge.

The plaintiffs, a group of private investors to whom we will refer as “the Lenders,” appeal an order granting summary judgment against them in favor of National Bank of Arizona. The issue is whether a bank has a duty to disclose information about its customer’s account to persons — in this case to the Lenders — with whom the customer does business. We hold that the Bank does not have such a duty, and we affirm the order granting the motion for summary judgment against the investors.

We consider the facts in the light most favorable to the parties opposing summary…