Due Diligence, Which Indicates Deficiencies in Seller’s Appraisal, Negates a Claim of Reliance on That Appraisal

Business Valuation Update BVLaw
Legal and Court Case Update
August 11, 1998

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ERISA
Marc E. LeBlanc, et al. v. Lawrence A. Cahill, et al.
No. 96-2046 (4th Cir. 1998)
US
Federal Court
4th Circuit
United States Court of Appeals
Hamilton

Summary

The U.S. Court of Appeals for the 4th Circuit affirmed the district court's grant of summary judgment on LeBlanc's claim of common law fraud.

See Also

Marc E. LeBlanc, et al. v. Lawrence A. Cahill, et al.

Full Text of Court Cases
August 11, 1998

The U.S. Court of Appeals for the Fourth Circuit affirmed the district court's grant of summary judgment on LeBlanc's claim of common law fraud. LeBlanc, an administrator of a pension fund, invested $15 million in a partnership operating hotels and owned ...