Ristau v. Wescold, Inc.

The issue in this case is whether an agreement purporting to release “any and all claims, * * * whether known or unknown, now existing,” precludes a claim of statutory fraud in the inducement of a contemporaneously executed stock sale agreement. The trial court held that the release agreement barred the claim and granted summary judgment in favor of defendants. The Court of Appeals, in an in banc decision, reversed, holding that the trial court erred in granting summary judgment. We reverse the decision of the Court of Appeals and affirm the judgment of the circuit court.

From about 1974 until…