Moorhead v. First Piedmont Bank & Trust Co.

Lewis, Chief Justice:

This action for damages resulted in an order by the trial judge directing a verdict in favor of defendant (respondent). Appeal is from that order. We affirm.

Appellant (plaintiff) Moorhead was a customer of respondent, First Piedmont Bank and Trust Company, and this action arose out of alleged dealings relative to loan transactions between the parties. Appellant claims that respondent, acting through its President, Philip Hungerford, fraudulently induced him to purchase a worthless paper title to nine thousand (9000) acres of supposedly valuable coal-producing land in…