General Electric Capital Corp. v. Posey

JERRY E. SMITH, Circuit Judge:'

General Electric Capital Corporation (“GECC”) appeals the dismissal of its negligent misrepresentation claim against several former directors and officers of Promedco Management Company (“Pro-medco”). Because GECC’s complaint pleads sufficient allegations to state a claim upon which relief can be granted, we reverse and remand.

I

GECC’s original complaint alleged that in June 2000 it was induced to lend Pro-medco $20 million. According to GECC, in deciding to enter into the credit agreement, it relied on Promedco’s representations about its financial condition.…