Brayton Chemicals, Inc. v. First Farmers State Bank of Minier

GRANT, Senior District Judge.

In a two-count complaint filed on July 30, 1979, appellee-plaintiff Brayton Chemicals, Inc. (hereinafter “Brayton”) charged appellant-defendant First Farmers State Bank of Minier (hereinafter “First Farmers”) with fraud and misrepresentation for failing to disclose material information which it possessed concerning Newell Soil Supplies, Inc. (hereinafter “Newell”), a Brayton customer. Following a bench trial, the district court found in favor of Brayton and entered judgment in the sum of $114,556.40. We reverse in part and affirm in part.

I

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