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GOLF RANCH RESORT MOTEL, INC. v. TAR HEEL MORTGAGE CO.

Civ. A. No. 6791-N.

341 F.Supp. 846 (1972)

GOLF RANCH RESORT MOTEL, INC., a Virginia corporation, Plaintiff, v. TAR HEEL MORTGAGE COMPANY, etc., et al., Defendants.

United States District Court, E. D. Virginia, Norfolk Division.

January 12, 1972.

Attorney(s) appearing for the Case

Douglas E. Ballard, Norfolk, Va., for plaintiff.

Ralph E. Lawrence, Norfolk, Va., for Tar Heel Mortgage Company, etc., and Jesse Noah Williams, etc., defendants.

Maurice Steingold, Norfolk, Va., for Wyatt B. Johnson, etc., defendant.

MEMORANDUM OPINION

MacKENZIE, District Judge.

The plaintiff seeks recovery of compensatory and punitive damages, charging the defendants with actual fraud in certain loan procurement transactions. More specifically, the plaintiff alleges that the defendants (Tar Heel, Williams, and Johnson) held themselves out as mortgage loan brokers, fraudulently induced the plaintiff's reliance on assurances that they (the defendants) could procure two loan commitments...

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