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SCHEURER HOSPITAL v. LANCASTER POLLARD & CO.

No. 12-11536.

SCHEURER HOSPITAL, Plaintiff, v. LANCASTER POLLARD & CO. et al., Defendants.

United States District Court, E.D. Michigan, Northern Division.

July 27, 2012.

Attorney(s) appearing for the Case

Scheurer Hospital, Plaintiff, represented by Frederick H. Schienke , Schienke, Staugaard & Hearsch & Reed S. Schmitt , Rhine Ernest LLP.

Lancaster Pollard & Co., Defendant, represented by Jonathan C. Martin , Smith, Martin,.

Tanya K. Hahn, Defendant, represented by Jonathan C. Martin , Smith, Martin,.

Jason L. George, Defendant, represented by Jack F. Fuchs , NOT SWORN, Thompson Hine LLP & James M. Hammond , Darbee, Bosco,.

Peck Shaffer & Williams, LLP, Defendant, represented by Jack F. Fuchs , NOT SWORN, Thompson Hine LLP & James M. Hammond , Darbee, Bosco,.

Tanya K. Hahn, Cross Claimant, represented by Jonathan C. Martin , Smith, Martin,.

Lancaster Pollard & Co., Cross Claimant, represented by Jonathan C. Martin , Smith, Martin,.

Jason L. George, Cross Defendant, represented by Jack F. Fuchs , NOT SWORN, Thompson Hine LLP.

Peck Shaffer & Williams, LLP, Cross Defendant, represented by Jack F. Fuchs , NOT SWORN, Thompson Hine LLP.

OPINION AND ORDER DENYING MOTION TO DISMISS COMPLAINT AND GRANTING IN PART AND DENYING IN PART MOTION TO DISMISS CROSS-CLAIM

THOMAS L. LUDINGTON, District Judge.

In law, as in history, it is often useful to begin by asking "For whose benefit?" This is such a case. In 2001, Plaintiff Scheurer Hospital retained a financial services firm, Defendant Lancaster Pollard & Co., to advise Plaintiff on a bond issuance. To hedge against the risk of rising interest...

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