Outdoor Central, Inc., et al. v. GreatLodge.com, Inc., No. 11-3264 (8th Cir. 2012)
Annotate this CasePlaintiffs, provider of automated licensing services to state fish and wildlife agencies, sued GreatLodge for fraudulent inducement, among other things, arising out of an acquisition agreement. GreatLodge subsequently appealed the district court's finding for plaintiffs, rescinding the acquisition. The court held that the district court did not err in its credibility determinations or in its findings; in finding that plaintiffs' reliance was justified; and in awarding restitution and avoidance of plaintiffs' scheduled yearly payments to GreatLodge.
Court Description: Civil Case - diversity. In action for fraudulent inducement, district court did not err in its credibility determinations or in its findings relating to the factual misrepresentations, and did not err in finding reliance was justified. Restitution and avoidance of scheduled yearly payments was appropriate.
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