Bradley Timberland Resources v. Bradley Lumber Company
Court of Appeals for the Eighth Circuit
1Opinion of the Court
MURPHY, Circuit Judge.
Webster Business Credit Corporation extended a loan to Bradley Lumber Company which was secured in part by the assets of its affiliate Bradley Timberland Resources. After Bradley Lumber defaulted on the loan, Bradley Timberland sued Webster and Bradley Lumber in state court for fraud and interference with business expectancy, claiming that both parties were liable for Webster’s alleged misrepresentations related to the loan. The action was removed to federal court, and Bradley Timberland moved to remand. The district court 1 concluded that Bradley Timberland had…
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