Sun Bank, N.A. v. E.F. Hutton & Company, Inc., N/k/a Shearson Lehman Hutton, Inc., Richard Bunstein

COX, Circuit Judge:

This case is an appeal by E.F. Hutton and one of its employees, Richard Bun-stein, of the district court’s decision, following a bench trial, that they are liable for fraudulent representations made to Sun Bank relative to the creditworthiness of one of Hutton’s clients, Gary Stevens. The trial court found that Bunstein intentionally misrepresented to Sun Bank the size and nature of Stevens’s Hutton accounts, and that Sun Bank had relied on those representations in lending Stevens’s company almost $700,000. We hold that the district court lacked personal jurisdiction over…