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FIRST UNION v. U.S. FIDELITY

No. 1009, Sept. Term, 1998.

730 A.2d 278 (1999)

126 Md. App. 499

FIRST UNION CORPORATION, et al. v. UNITED STATES FIDELITY AND GUARANTY COMPANY.

Court of Special Appeals of Maryland.

May 27, 1999.

Attorney(s) appearing for the Case

Warren E. Zirkle (Elizabeth F. Edwards, Brian C. Riopelle and McGuire, Woods, Battle & Boothe, L.L.P., Richmond, VA, James P. Gillece, Jr., Michael J. Kresslein and McGuire, Woods, Battle & Boothe, L.L.P., Baltimore, on the brief), for appellants.

Gerson A. Zweifach (Dennis M. Black, Julia B. Shelton, Williams & Connolly, Washington, DC, Richard C. Burch, Andrew Janquitto and Mudd, Harrison & Burch, Towson, on the brief), for appellee.

Argued before SONNER, BYRNES and PATRICE E. LEWIS (specially assigned), JJ.

SONNER, Judge.

In November of 1993, Mr. Dick Nelson, a well regarded customer of Signet Bank as well as a member of its advisory board, introduced two of his friends to one another. The meeting of those two friends led to the events that bring this case to us. Nelson owned a computer leasing company, Nelco, and one of his friends, Ed Reiners, had leased equipment from Nelco as an agent of a Fortune 500 company, Philip Morris. Reiners told Nelson about a new and secret...

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