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CABANAS v. GLOODT ASSOCIATES

No. CIV-S-94-1481 DFL PAN.

942 F.Supp. 1295 (1996)

Burt CABANAS, et al., Plaintiffs, v. GLOODT ASSOCIATES, et al., Defendants.

United States District Court, E.D. California.

September 25, 1996.

Attorney(s) appearing for the Case

Jack C. Nickens, Paul D. Flack, Clements, O'Neill, Pierce & Nickens, Houston, TX, for Plaintiffs.

Lawrence G. Townsend, San Francisco, CA, for defendants Gloodt Associates, Peter Gloodt, Karen Johnson and Peter Moegenburg.

MEMORANDUM OF OPINION AND ORDER

LEVI, District Judge.

This case presents important questions concerning the scope of liability of an appraiser to a third party in a novel factual context. Plaintiff is a hotel manager who claims that he was injured by misrepresentations in an appraisal defendants prepared for a lending institution. The novelty of the claims stems from plaintiffs' position that the injury was suffered in his renegotiation of his contract...

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