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GENERAL ELEC. CAPITAL CORP. v. POSEY

No. 04-10251.

415 F.3d 391 (2005)

GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware Corporation, Plaintiff-Appellant, v. H. Wayne POSEY, et al., Defendants, H. Wayne Posey, Charles W. McQueary, Robert D. Smith, Deborah A. Johnson, Dale K. Edwards, Robert M. Sontheimer, Gregory A. Wagoner, M.D., Thomas E. Chaney, M.D., James F. Herd, M.D., Sanjeev K. Mehra, Richard E. Ragsdale, Defendants-Appellees. Charles J. Buysse, M.D., Jack W. McCaslin, Defendants-Third Party Plaintiffs-Appellees, v. Arthur Andersen LLP, Third Party Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

June 29, 2005.

Attorney(s) appearing for the Case

John Joseph Dawson (argued), Colleen Ann Lomax, Robert E. Miles, Quarles, Brady, Streich & Lang, Phoenix, AZ, for Plaintiff-Appellant.

Jeffrey Robert Seckel (argued), Steven H. Thomas, McQuire, Craddock & Strother, Dallas, TX, for Posey and Smith.

Oscar Rey Rodriguez (argued), Karl G. Dial, Fulbright & Jaworski, Dallas, TX, for McQueary, Edwards, Sontheimer and Wagoner.

Steven K. DeWolf, Todd R. Hixon, Bellinger & DeWolf, Dallas, TX, for Johnson.

John Wilson Wright, McDonald Sanders, Fort Worth, TX, for Buysse and McCaslin.

Stephen L. Tatum (argued), Cantey & Hanger, Fort Worth, TX, for Chaney, Herd and Ragsdale.

G. Douglas Kilday, Graves, Dougherty, Hearon & Moody, Austin, TX, for Arthur Anderson LLP.

Before SMITH, DENNIS and PRADO, Circuit Judges.

JERRY E. SMITH, Circuit Judge:

General Electric Capital Corporation ("GECC") appeals the dismissal of its negligent misrepresentation claim against several former directors and officers of Promedco Management Company ("Promedco"). Because GECC's complaint pleads sufficient allegations to state a claim upon which relief can be granted, we reverse and remand.

I.

GECC's original complaint alleged that in June 2000 it was induced to lend Promedco $20...

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