Read & Lundy, Inc. v. Washington Trust Co. of Westerly

OPINION

The plaintiffs, Read & Lundy, Inc. (R & L) and Clifford McFarland, appeal from a summary judgment in favor of the defendant, the Washington Trust Company of Westerly (hereinafter “the bank”). Essentially, the plaintiffs alleged that the bank injured the plaintiffs when it loaned money to a competitor, Consigned Systems, Inc. (CSI) founded by a former R & L employee. The plaintiffs’ action against the bank alleged breach of contract, tortious interference with contractual relations, conspiracy, and violation of the Uniform Trade Secrets Act, G.L.1956 chapter 41 of title 6.

This case has…