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HOMESTEAD GROUP, LLC v. BANK OF TENNESSEE

No. E2008-00350-COA-R3-CV.

307 S.W.3d 746 (2009)

The HOMESTEAD GROUP, LLC., v. BANK OF TENNESSEE.

Court of Appeals of Tennessee, Eastern Section, at Knoxville.

February 26, 2009.

Permission to Appeal Denied by Supreme Court October 5, 2009.

Attorney(s) appearing for the Case

Mark A. Cowan, Morristown, Tennessee, for appellants.

William C. Argabrite and Mark S. Dessauer, Kingsport, Tennessee, for appellee.

OPINION

HERSCHEL PICKENS FRANKS, P.J., delivered the opinion of the Court, in which CHARLES D. SUSANO, JR., J., and D. MICHAEL SWINEY, J., joined.

Plaintiff investor Group purchased a hotel from defendant Bank and after defaulting on the loan the Bank foreclosed and repurchased the hotel at the foreclosure sale. Plaintiff investor Group brought this action against the Bank based on intentional fraud and negligent misrepresentation and sought rescission and...

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