James Banda, Inc. v. Virginia Manor Apartments, Inc.

Opinion by

Mr. Justice O’Brien,

This appeal arises from the sustaining of appellees’ preliminary objections to part of appellant’s complaint in equity. The thrust of appellant’s complaint alleged that appellees, Virginia Manor Apartments, Inc., Western Pennsylvania National Bank (WPNB), and Metropolitan Life Insurance Company, had improperly induced appellant to erect a 188-unit apartment complex known as Virginia Manor Apartments, with a waiver of rights under the mechanics’ lien laws. Appellant sought to impose a constructive trust on funds still held by WPNB, pursuant to a loan agreement,…