Massachusetts Asset Financing Corp. v. Harter, Secrest & Emery, LLP

TORRUELLA, Circuit Judge.

This case arises from a loan made by Plaintiff Massachusetts Asset Financing Corp. (“Plaintiff’) to American Mold Corporation (“American Mold”). The loan was secured by American Mold’s manufacturing equipment, which had been appraised at $1.1 million dollars, but eventually sold for $30,000 after American Mold defaulted on the loan and went bankrupt. Plaintiff filed suit against American Mold’s lawyers, American Mold’s accountants, and two appraisal companies. This appeal concerns Plaintiffs claim against the appraisal company MB Valuation Services, Inc. (“MB…