Neely v. First State Bank, Harrah

SUMMERS, V.C.J.

¶ 1 This is an action for malicious prosecution brought by a former investment broker against two Banks he had previously represented. After enduring large investment losses the Banks alleged serious wrongdoing on the broker’s part. The broker claims these allegations were malicious, and forced him out of business and into bankruptcy. He sued.

¶ 2 One of the necessary elements of a tort action for malicious prosecution is that there must have been a “favorable termination” of the action prosecuted in favor of the plaintiff, in this case the broker. In regard to this dispute…