Busy Bee Inc. v. Corestates Bank N.A.

NEALON, J.,

In this lender liability suit, the defendant Bank has filed a motion for partial summary judgment seeking to dismiss the borrowers’ claims for fraudulent and negligent misrepresentation. The summary judgment materials demonstrate that there are genuine issues of material fact whether (a) the Bank possessed the requisite intent so as to be chargeable with fraud and (b) the borrowers justifiably relied upon the Bank’s fraudulent misrepresentation. Furthermore, since the Bank arguably supplied false information for the guidance of the borrowers and had reason to foresee economic harm…