GROOB ET AL., APPELLEES,
v.
KEYBANK ET AL., APPELLANTS.
Supreme Court of Ohio.https://leagle.com/images/logo.png
Submitted February 2, 2005.
Decided March 29, 2006.
Attorney(s) appearing for the Case
Waite, Schneider, Bayless & Chesley, Stanley M. Chesley, and Paul M. DeMarco; and Robert F. Croskery and Melinda E. Knisley, for appellees.
Thompson Hine, L.L.P., William C. Wilkinson, Brian J. Lamb, and Timothy H. Linville, for appellants.
Kisor & Winkler, L.L.C., and John C. Deal; and Jeffrey D. Quayle, urging reversal for amicus curiae, Ohio Bankers League.
Supreme Court of Ohio.
LANZINGER, J.
{¶ 1} The question presented here is whether a bank may be held liable for breach of fiduciary duty or under the doctrine of respondeat superior when a bank employee uses confidential information obtained from a prospective borrower for the employee's personal advantage. We hold that a bank dealing at arm's length with a prospective borrower does not have a fiduciary duty to that prospective borrower unless special circumstances...
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