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WAITE v. ADLER

No. 57,059

239 Kan. 1 (1986)

716 P.2d 524

STEPHEN L. WAITE, Appellee, v. LARRY ADLER and MIDLAND NATIONAL BANK OF NEWTON, KANSAS, Appellants/Cross-Appellees.

Supreme Court of Kansas.

Opinion filed March 28, 1986.

Attorney(s) appearing for the Case

David C. Burns, of Speir, Stroberg & Sizemore, of Newton, argued the cause, and A. James Gillmore, of the same firm, was with him on the briefs for appellants/cross-appellees.

Frederick K. Starrett, of Ralston & Starrett, of Topeka, argued the cause and was on the brief for appellee.

The opinion of the court was delivered by

PRAGER, J.:

This is an action brought by the plaintiff, Stephen L. Waite, to recover actual and punitive damages from Larry Adler, a senior vice-president of Midland National Bank of Newton (Midland Bank), and from the bank for alleged fraudulent misrepresentations as to the financial status of Don Goucher Motors, Inc., a new car dealership in Newton. Simply stated, plaintiff contended that he invested $51,000 in Don...

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