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MASSACHUSETTS ASSET v. HARTER, SECREST & EMERY, LLP

No. 04-2541.

430 F.3d 59 (2005)

MASSACHUSETTS ASSET FINANCING CORPORATION, Plaintiff, Appellant, v. HARTER, SECREST & EMERY, LLP, Sardone, Robinson & Schnell, and MB Valuation Services, Inc., Defendants, Appellees, and Wanda Kinney-Canary, d/b/a Tritech Appraisal Services, Defendant.

United States Court of Appeals, First Circuit.

Decided December 1, 2005.

Attorney(s) appearing for the Case

Michael E. Schoeman, with whom Schoeman, Updike & Kaufman, LLP, was on brief, for appellant.

John J. O'Connor, with whom Robert T. Gill and Peabody & Arnold, LLP, were on brief, for appellee MB Valuation Services, Inc.

Goulston & Storrs, on brief for appellee Harter, Secrest & Emery, LLP.

Donovan Hatem, LLP, on brief for appellee Sardone, Robinson & Schnell.

Before BOUDIN, Chief Judge, TORRUELLA and SELYA, Circuit Judges.

TORRUELLA, Circuit Judge.

This case arises from a loan made by Plaintiff Massachusetts Asset Financing Corp. ("Plaintiff") to American Mold Corporation ("American Mold"). The loan was secured by American Mold's manufacturing equipment, which had been appraised at $1.1 million dollars, but eventually sold for $30,000 after American Mold defaulted on the loan and went bankrupt. Plaintiff filed suit against American Mold's lawyers, American Mold's accountants, and two...

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